Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)‘s stock had its “buy” rating reaffirmed by B. Riley in a research report issued on Monday. They presently have a $30.00 target price on the semiconductor company’s stock. B. Riley’s target price indicates a potential upside of 73.11% from the company’s previous close.

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Alpha and Omega Semiconductor Limited from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, May 9th. TheStreet raised Alpha and Omega Semiconductor Limited from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Northland Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a report on Thursday, July 6th. Finally, Sidoti started coverage on Alpha and Omega Semiconductor Limited in a report on Thursday, July 13th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Alpha and Omega Semiconductor Limited has an average rating of “Buy” and an average price target of $27.00.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 5.22% during trading on Monday, hitting $17.33. The stock had a trading volume of 88,062 shares. The stock has a market capitalization of $412.28 million, a price-to-earnings ratio of 35.95 and a beta of 0.26. The stock’s 50 day moving average is $17.52 and its 200 day moving average is $18.41. Alpha and Omega Semiconductor Limited has a 52 week low of $14.28 and a 52 week high of $23.93.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. Alpha and Omega Semiconductor Limited had a return on equity of 4.25% and a net margin of 3.09%. On average, equities research analysts expect that Alpha and Omega Semiconductor Limited will post $0.80 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of AOSL. Numeric Investors LLC increased its position in Alpha and Omega Semiconductor Limited by 257.7% in the second quarter. Numeric Investors LLC now owns 770,402 shares of the semiconductor company’s stock valued at $10,732,000 after buying an additional 555,017 shares in the last quarter. JPMorgan Chase & Co. increased its position in Alpha and Omega Semiconductor Limited by 184.1% in the first quarter. JPMorgan Chase & Co. now owns 673,660 shares of the semiconductor company’s stock valued at $7,983,000 after buying an additional 436,500 shares in the last quarter. Acadian Asset Management LLC increased its position in Alpha and Omega Semiconductor Limited by 56.8% in the third quarter. Acadian Asset Management LLC now owns 889,393 shares of the semiconductor company’s stock valued at $19,316,000 after buying an additional 322,135 shares in the last quarter. Royce & Associates LLC increased its position in Alpha and Omega Semiconductor Limited by 104.8% in the fourth quarter. Royce & Associates LLC now owns 622,354 shares of the semiconductor company’s stock valued at $5,719,000 after buying an additional 318,415 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Alpha and Omega Semiconductor Limited by 78.0% in the first quarter. Renaissance Technologies LLC now owns 616,300 shares of the semiconductor company’s stock valued at $7,303,000 after buying an additional 270,100 shares in the last quarter. 70.54% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor Limited

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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