Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Increased to $42.00 by Analysts at Benchmark

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price hoisted by investment analysts at Benchmark from $28.00 to $42.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price would suggest a potential upside of 11.94% from the stock’s current price.

A number of other research analysts also recently issued reports on AOSL. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. B. Riley increased their price target on shares of Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th.

Alpha and Omega Semiconductor Stock Up 4.9 %

Alpha and Omega Semiconductor stock traded up $1.75 during midday trading on Friday, hitting $37.52. 65,310 shares of the stock were exchanged, compared to its average volume of 176,995. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $37.69. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $27.57 and its 200-day moving average price is $25.26. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -110.35 and a beta of 2.33.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.13 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.59) EPS. On average, research analysts expect that Alpha and Omega Semiconductor will post -0.19 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now owns 130,082 shares of the company’s stock, valued at approximately $2,545,704.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after acquiring an additional 40,183 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Alpha and Omega Semiconductor by 8.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after buying an additional 86,366 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Alpha and Omega Semiconductor by 18.9% during the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after buying an additional 71,000 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Alpha and Omega Semiconductor by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock worth $9,087,000 after buying an additional 55,403 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its position in shares of Alpha and Omega Semiconductor by 46.8% in the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock valued at $6,516,000 after acquiring an additional 94,196 shares during the period. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.