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

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price upped by equities research analysts at Benchmark from $28.00 to $42.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price would suggest a potential upside of 12.39% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. B. Riley upped their price target on Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Stifel Nicolaus lowered 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. Finally, StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th.

Alpha and Omega Semiconductor Trading Up 4.5 %

Shares of NASDAQ:AOSL opened at $37.37 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of -109.91 and a beta of 2.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $37.88. The stock’s fifty day moving average price is $27.93 and its 200-day moving average price is $25.37.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $150.10 million for 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 company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.59) earnings per share. Sell-side analysts expect that Alpha and Omega Semiconductor will post -0.19 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was 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 owns 130,082 shares in the company, valued at $2,545,704.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 17.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of Alpha and Omega Semiconductor by 288.5% during the third quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock worth $8,752,000 after purchasing an additional 217,800 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 24.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock worth $30,017,000 after purchasing an additional 198,291 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after purchasing an additional 100,591 shares in the last quarter. Peregrine Capital Management LLC grew its position in shares of Alpha and Omega Semiconductor by 46.8% during the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock worth $6,516,000 after purchasing an additional 94,196 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Alpha and Omega Semiconductor by 18.9% during the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock worth $9,842,000 after purchasing an additional 71,000 shares in the last quarter. Hedge funds and other institutional investors 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.