Alpha and Omega Semiconductor (NASDAQ:AOSL) PT Lowered to $65.00

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) had its price target reduced by research analysts at B. Riley from $79.00 to $65.00 in a research note issued on Tuesday, The Fly reports. B. Riley’s price target suggests a potential upside of 40.33% from the stock’s current price.

A number of other research analysts have also commented on AOSL. StockNews.com began coverage on Alpha and Omega Semiconductor in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, February 11th.

Shares of NASDAQ:AOSL opened at $46.32 on Tuesday. The stock has a market capitalization of $1.24 billion, a P/E ratio of 2.95 and a beta of 2.47. Alpha and Omega Semiconductor has a 1-year low of $23.66 and a 1-year high of $69.99. The business has a 50-day moving average price of $52.96 and a two-hundred day moving average price of $47.34. The company has a current ratio of 2.62, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last issued its quarterly earnings data on Monday, February 7th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Alpha and Omega Semiconductor had a return on equity of 15.15% and a net margin of 60.82%. The business had revenue of $193.32 million during the quarter, compared to analyst estimates of $188.00 million. During the same period in the previous year, the firm earned $0.56 EPS. Alpha and Omega Semiconductor’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, equities analysts predict that Alpha and Omega Semiconductor will post 3.61 EPS for the current year.

In other news, EVP Bing Xue sold 4,024 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $49.79, for a total value of $200,354.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mike F. Chang sold 56,400 shares of the firm’s stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $55.00, for a total value of $3,102,000.00. The disclosure for this sale can be found here. Insiders sold a total of 72,924 shares of company stock valued at $3,966,855 over the last quarter. Company insiders own 19.90% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Alpha and Omega Semiconductor by 38.5% in the first quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock valued at $15,634,000 after purchasing an additional 377,800 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth approximately $15,610,000. Morgan Stanley boosted its position in shares of Alpha and Omega Semiconductor by 300.3% during the 2nd quarter. Morgan Stanley now owns 226,307 shares of the semiconductor company’s stock worth $6,876,000 after purchasing an additional 169,776 shares during the period. Invesco Ltd. boosted its position in Alpha and Omega Semiconductor by 426.7% in the 4th quarter. Invesco Ltd. now owns 184,804 shares of the semiconductor company’s stock valued at $11,193,000 after buying an additional 149,714 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $8,135,000. 60.38% of the stock is owned by institutional investors.

About Alpha and Omega Semiconductor (Get Rating)

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.

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