Alpha and Omega Semiconductor (NASDAQ:AOSL) PT Lowered to $62.00 at B. Riley

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) had its price target decreased by investment analysts at B. Riley from $67.00 to $62.00 in a report issued on Friday, The Fly reports. B. Riley’s price target points to a potential upside of 37.17% from the company’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. StockNews.com upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, April 21st.

Shares of NASDAQ AOSL opened at $45.20 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.62 and a debt-to-equity ratio of 0.02. Alpha and Omega Semiconductor has a 52 week low of $23.66 and a 52 week high of $69.99. The business’s 50 day moving average price is $50.38 and its 200 day moving average price is $48.79. The firm has a market cap of $1.21 billion, a P/E ratio of 2.88 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last announced its earnings results on Thursday, May 5th. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.16. Alpha and Omega Semiconductor had a return on equity of 15.15% and a net margin of 60.82%. The firm had revenue of $203.20 million for the quarter, compared to analyst estimates of $194.03 million. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue was up 20.1% on a year-over-year basis. As a group, research analysts expect that Alpha and Omega Semiconductor will post 3.61 earnings per share for the current year.

In other Alpha and Omega Semiconductor 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Salameh sold 12,500 shares of the firm’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $53.16, for a total value of $664,500.00. Following the completion of the sale, the director now directly owns 58,425 shares of the company’s stock, valued at $3,105,873. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,913 shares of company stock valued at $4,055,047. 19.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Quadrant LLC CA purchased a new position in shares of Alpha and Omega Semiconductor during the 1st quarter worth $42,000. Covestor Ltd purchased a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth $47,000. Koshinski Asset Management Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 75.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 975 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 420 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Alpha and Omega Semiconductor during the 1st quarter worth $56,000. Finally, Silvant Capital Management LLC purchased a new position in shares of Alpha and Omega Semiconductor during the 1st quarter worth $71,000. Institutional investors and hedge funds own 60.66% of the company’s stock.

Alpha and Omega Semiconductor Company Profile (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.

Further Reading

The Fly logo

Receive News & Ratings for Alpha and Omega Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.