Alpha and Omega Semiconductor Limited (AOSL) Price Target Increased to $27.00 by Analysts at B. Riley

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) had its price objective upped by B. Riley from $24.00 to $27.00 in a research note published on Friday, November 3rd, MarketBeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

AOSL has been the topic of several other research reports. Northland Securities reissued a buy rating and set a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a research report on Thursday, July 6th. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor Limited from $19.00 to $18.00 and set a hold rating for the company in a report on Thursday, September 7th. Finally, Sidoti initiated coverage on Alpha and Omega Semiconductor Limited in a report on Thursday, July 13th. They set a buy rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $25.00.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded down $0.02 during trading hours on Friday, reaching $17.97. The company’s stock had a trading volume of 41,567 shares, compared to its average volume of 108,989. Alpha and Omega Semiconductor Limited has a 1-year low of $14.81 and a 1-year high of $23.93. The company has a market cap of $428.84, a P/E ratio of 29.25 and a beta of 0.29.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $104.90 million during the quarter, compared to the consensus estimate of $103.15 million. Alpha and Omega Semiconductor Limited had a return on equity of 4.85% and a net margin of 3.92%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. equities analysts forecast that Alpha and Omega Semiconductor Limited will post 0.64 earnings per share for the current fiscal year.

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In other Alpha and Omega Semiconductor Limited news, VP Daniel Kuang Ming Chang sold 3,588 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $17.19, for a total value of $61,677.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 968,900 shares of the semiconductor company’s stock worth $16,152,000 after buying an additional 46,400 shares during the period. Royce & Associates LP lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 45.4% in the 2nd quarter. Royce & Associates LP now owns 818,504 shares of the semiconductor company’s stock worth $13,644,000 after buying an additional 255,666 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 3.3% in the 2nd quarter. Teachers Advisors LLC now owns 92,115 shares of the semiconductor company’s stock worth $1,536,000 after buying an additional 2,953 shares during the period. Morgan Stanley lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 55.3% in the 1st quarter. Morgan Stanley now owns 225,061 shares of the semiconductor company’s stock worth $3,869,000 after buying an additional 80,131 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Alpha and Omega Semiconductor Limited by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 978,591 shares of the semiconductor company’s stock worth $16,822,000 after acquiring an additional 137,513 shares in the last quarter. Institutional investors and hedge funds own 70.79% of the company’s stock.

Alpha and Omega Semiconductor Limited Company Profile

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).

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