Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $47.00 Price Target at B. Riley

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target lowered by B. Riley from $50.00 to $47.00 in a research note published on Tuesday, Benzinga reports. B. Riley currently has a buy rating on the semiconductor company’s stock.

Other analysts also recently issued reports about the stock. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock opened at $26.77 on Tuesday. The stock has a market cap of $776.60 million, a price-to-earnings ratio of -68.64 and a beta of 2.42. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $36.01 and a 200 day simple moving average of $34.05. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45.

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

Insider Activity

In related news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $356,000.00. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 15,560 shares of company stock valued at $562,003. Corporate insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in shares of Alpha and Omega Semiconductor in the second quarter worth about $8,389,000. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after buying an additional 169,619 shares during the last quarter. Millennium Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after buying an additional 123,093 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after acquiring an additional 100,591 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings 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 acquiring an additional 71,000 shares in the last quarter. 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.