B. Riley Boosts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $40.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target boosted by B. Riley from $35.00 to $40.00 in a research note released on Thursday, Benzinga reports. B. Riley currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently weighed in on the company. StockNews.com upgraded Alpha and Omega Semiconductor from a sell rating to a hold rating in a report on Wednesday, March 6th. Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a sell rating on the stock in a report on Thursday, April 18th.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL opened at $32.54 on Thursday. The company has a market cap of $933.90 million, a P/E ratio of -95.71 and a beta of 2.33. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $36.50. The business has a fifty day simple moving average of $26.11 and a 200-day simple moving average of $24.80.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The business had revenue of $150.10 million during the quarter, compared to the consensus estimate of $150.13 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.59) earnings per share. Equities research analysts forecast that Alpha and Omega Semiconductor will post -0.19 EPS for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction dated 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 owns 130,082 shares in the company, valued at $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 currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pineridge Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $30,000. Summit Global Investments acquired a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $236,000. WINTON GROUP Ltd acquired a new position in shares of Alpha and Omega Semiconductor in the third quarter worth about $254,000. Overbrook Management Corp acquired a new position in shares of Alpha and Omega Semiconductor in the first quarter worth about $260,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $294,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.