Stifel Nicolaus Boosts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $36.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target hoisted by investment analysts at Stifel Nicolaus from $21.00 to $36.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “sell” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 21.88% from the company’s previous close.

Several other brokerages also recently issued reports on AOSL. Benchmark raised their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, June 28th. B. Riley raised their target price on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 11th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock traded up $0.68 during trading on Thursday, reaching $46.08. The company had a trading volume of 170,510 shares, compared to its average volume of 211,672. The firm’s 50 day simple moving average is $32.66 and its two-hundred day simple moving average is $26.70. Alpha and Omega Semiconductor has a one year low of $19.38 and a one year high of $47.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. The company has a market capitalization of $1.32 billion, a PE ratio of -135.53 and a beta of 2.39.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results 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 company had revenue of $150.10 million for the quarter, compared to analyst estimates of $150.13 million. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.59) earnings per share. Sell-side analysts forecast that Alpha and Omega Semiconductor will post -0.19 earnings per share for the current year.

Insider Activity

In related news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor 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 sale, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 17.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Alpha and Omega Semiconductor by 288.5% during the 3rd quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock worth $8,752,000 after acquiring an additional 217,800 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Alpha and Omega Semiconductor by 101.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after buying an additional 100,591 shares during the period. Peregrine Capital Management LLC boosted its stake in Alpha and Omega Semiconductor by 46.8% in the 1st quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock valued at $6,516,000 after buying an additional 94,196 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Alpha and Omega Semiconductor by 8.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after acquiring an additional 86,366 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in 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 acquiring an additional 71,000 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.