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

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target hoisted by research analysts at Benchmark from $40.00 to $42.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would indicate a potential downside of 2.40% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, B. Riley decreased their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Down 0.7 %

Shares of Alpha and Omega Semiconductor stock traded down $0.30 during trading on Thursday, hitting $43.03. 1,113,101 shares of the stock traded hands, compared to its average volume of 621,485. The firm has a market cap of $1.25 billion, a P/E ratio of -64.11 and a beta of 2.47. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $53.29. The stock’s fifty day simple moving average is $40.58 and its 200 day simple moving average is $37.53.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. On average, equities analysts predict that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total value of $1,525,706.84. Following the completion of the sale, the chief financial officer now directly owns 265,175 shares in the company, valued at $13,049,261.75. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bing Xue sold 875 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the sale, the executive vice president now owns 128,986 shares of the company’s stock, valued at $5,288,426. This trade represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,124 shares of company stock worth $2,500,685. 16.90% of the stock is owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Alpha and Omega Semiconductor by 33.2% in the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after purchasing an additional 334,657 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock valued at $17,503,000 after purchasing an additional 247,051 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 867.6% in the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after purchasing an additional 123,093 shares during the last quarter. Algert Global LLC lifted its stake in shares of Alpha and Omega Semiconductor by 172.8% in the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock valued at $3,338,000 after purchasing an additional 56,962 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock valued at $1,498,000 after purchasing an additional 31,725 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.