B. Riley Boosts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $50.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price hoisted by B. Riley from $40.00 to $50.00 in a research note published on Thursday morning, Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other research analysts have also recently issued research reports about the company. Benchmark lifted their target price on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a buy rating in a research report on Friday, June 28th. Stifel Nicolaus cut their target price on 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 Trading Up 6.8 %

NASDAQ AOSL opened at $42.31 on Thursday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of -124.44 and a beta of 2.39. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $44.08. The business has a 50 day moving average price of $31.33 and a 200-day moving average price of $26.29. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $150.10 million for the quarter, compared to analysts’ expectations 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%. Alpha and Omega Semiconductor’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.59) earnings per share. As a group, equities analysts expect that Alpha and Omega Semiconductor will post -0.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the transaction, the executive vice president now owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AOSL. SummerHaven Investment Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 2.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 22,635 shares of the semiconductor company’s stock valued at $590,000 after buying an additional 438 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Alpha and Omega Semiconductor by 3.2% in the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 613 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Alpha and Omega Semiconductor by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after buying an additional 893 shares during the period. Pineridge Advisors LLC bought a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at $30,000. Finally, Raymond James & Associates raised its stake in shares of Alpha and Omega Semiconductor by 8.5% in the fourth quarter. Raymond James & Associates now owns 19,510 shares of the semiconductor company’s stock valued at $508,000 after buying an additional 1,533 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.