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

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective upped by B. Riley from $40.00 to $50.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target points to a potential upside of 25.25% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Benchmark lifted their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Stifel Nicolaus cut their target price on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th.

Alpha and Omega Semiconductor Price Performance

AOSL traded up $2.78 on Thursday, reaching $39.92. The company had a trading volume of 109,206 shares, compared to its average volume of 187,312. The company has a fifty day moving average of $30.25 and a 200-day moving average of $26.01. The company has a current ratio of 2.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.15 billion, a P/E ratio of -117.41 and a beta of 2.39. Alpha and Omega Semiconductor has a one year low of $19.38 and a one year high of $40.79.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $150.13 million. During the same period in the previous year, the business earned ($0.59) earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor will post -0.19 earnings per share for the current year.

Insider Activity

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now directly owns 130,082 shares in the company, valued at $2,545,704.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AOSL. Pineridge Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth about $30,000. Summit Global Investments acquired a new position in Alpha and Omega Semiconductor during the fourth quarter worth $236,000. Overbrook Management Corp acquired a new position in Alpha and Omega Semiconductor in the first quarter valued at about $260,000. Louisiana State Employees Retirement System bought a new position in Alpha and Omega Semiconductor in the 4th quarter valued at $294,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after buying an additional 893 shares in the last quarter. 78.97% of the stock is owned by institutional investors.

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.