Investment analysts at Sidoti started coverage on shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating on the semiconductor company’s stock.

Several other equities analysts have also recently commented on AOSL. Zacks Investment Research cut Alpha and Omega Semiconductor Limited from a “buy” rating to a “hold” rating in a research note on Thursday, March 16th. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, March 23rd. TheStreet upgraded Alpha and Omega Semiconductor Limited from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. Finally, Northland Securities restated a “buy” rating and set a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 6th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $27.00.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ AOSL) traded up 2.94% on Thursday, hitting $17.83. 188,632 shares of the company were exchanged. The firm has a market cap of $424.18 million, a P/E ratio of 36.99 and a beta of 0.25. The company has a 50-day moving average price of $18.38 and a 200 day moving average price of $19.15. Alpha and Omega Semiconductor Limited has a 52-week low of $13.45 and a 52-week high of $23.93.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last released its earnings results on Wednesday, May 3rd. The semiconductor company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.12. The company had revenue of $93.30 million during the quarter, compared to analysts’ expectations of $92.10 million. Alpha and Omega Semiconductor Limited had a return on equity of 4.25% and a net margin of 3.09%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS. Analysts predict that Alpha and Omega Semiconductor Limited will post $0.80 EPS for the current fiscal year.

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In related news, VP Daniel Kuang Ming Chang sold 6,891 shares of Alpha and Omega Semiconductor Limited stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $18.83, for a total transaction of $129,757.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.70% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL bought a new position in shares of Alpha and Omega Semiconductor Limited during the first quarter worth $574,000. Bank of New York Mellon Corp increased its position in shares of Alpha and Omega Semiconductor Limited by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 98,937 shares of the semiconductor company’s stock valued at $1,701,000 after buying an additional 8,822 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Alpha and Omega Semiconductor Limited during the first quarter valued at approximately $648,000. Bowling Portfolio Management LLC increased its position in shares of Alpha and Omega Semiconductor Limited by 43.4% in the first quarter. Bowling Portfolio Management LLC now owns 29,784 shares of the semiconductor company’s stock valued at $512,000 after buying an additional 9,018 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Alpha and Omega Semiconductor Limited by 102.1% in the first quarter. Wells Fargo & Company MN now owns 77,354 shares of the semiconductor company’s stock valued at $1,330,000 after buying an additional 39,077 shares in the last quarter. 71.42% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Limited Company Profile

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).

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