Alpha and Omega Semiconductor (NASDAQ:AOSL) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) in a report issued on Wednesday, Benzinga reports. The brokerage currently has a $40.00 price target on the semiconductor company’s stock.

A number of other research analysts have also recently commented on the stock. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Finally, B. Riley decreased their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ:AOSL opened at $27.34 on Wednesday. The company’s 50 day simple moving average is $35.72 and its 200 day simple moving average is $34.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.58 and a quick ratio of 1.31. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $47.45. The stock has a market capitalization of $793.13 million, a price-to-earnings ratio of -70.10 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The business had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that Alpha and Omega Semiconductor will post -0.32 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the sale, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at $10,548,066.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,560 shares of company stock worth $562,003 in the last quarter. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in shares of Alpha and Omega Semiconductor by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 400 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Alpha and Omega Semiconductor by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock valued at $878,000 after acquiring an additional 511 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Alpha and Omega Semiconductor by 3.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 613 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Alpha and Omega Semiconductor by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 893 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at about $36,000. Institutional investors and hedge funds 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.