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

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target increased by research analysts at B. Riley from $40.00 to $50.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price indicates a potential upside of 18.18% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, April 18th. Benchmark raised 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.

Alpha and Omega Semiconductor Trading Up 6.8 %

Shares of NASDAQ:AOSL opened at $42.31 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. The firm has a market capitalization of $1.21 billion, a P/E ratio of -124.44 and a beta of 2.39. The business’s 50-day moving average is $30.93 and its 200 day moving average is $26.18. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $44.08.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data 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. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The firm had revenue of $150.10 million for the quarter, compared to analyst estimates of $150.13 million. During the same quarter in the prior year, the business earned ($0.59) earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, research analysts predict that Alpha and Omega Semiconductor will post -0.19 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the transaction, the executive vice president now directly owns 130,082 shares in the company, valued at approximately $2,545,704.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Pineridge Advisors LLC purchased a new position in Alpha and Omega Semiconductor during the fourth quarter worth about $30,000. Summit Global Investments acquired a new position in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $236,000. Louisiana State Employees Retirement System acquired a new stake in Alpha and Omega Semiconductor during the fourth quarter worth $294,000. Overbrook Management Corp purchased a new stake in Alpha and Omega Semiconductor in the first quarter valued at $260,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor during the 4th quarter worth about $482,000. Institutional investors and hedge funds 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.