Benchmark Reaffirms “Buy” Rating for Alpha and Omega Semiconductor (NASDAQ:AOSL)

Alpha and Omega Semiconductor (NASDAQ:AOSL)‘s stock had its “buy” rating reissued by Benchmark in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $40.00 price target on the semiconductor company’s stock. Benchmark’s price target would suggest a potential upside of 46.84% from the stock’s current price.

AOSL has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, B. Riley lowered their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday.

Alpha and Omega Semiconductor Stock Down 0.4 %

Shares of NASDAQ AOSL opened at $27.24 on Wednesday. Alpha and Omega Semiconductor has a 12 month low of $19.38 and a 12 month high of $47.45. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $35.44 and a 200-day simple moving average of $33.96.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. Sell-side analysts anticipate that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,560 shares of company stock worth $562,003. 16.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Alpha and Omega Semiconductor by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after purchasing an additional 40,183 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after purchasing an additional 169,619 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after purchasing an additional 25,100 shares in the last quarter. Peregrine Capital Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 14.6% during the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock worth $12,657,000 after purchasing an additional 43,031 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Alpha and Omega Semiconductor during the second quarter worth $8,389,000. 78.97% of the stock is owned by institutional investors and hedge funds.

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.