Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $42.00 Price Target at Benchmark

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price hoisted by Benchmark from $40.00 to $42.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Finally, B. Riley lowered their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Trading Down 3.7 %

NASDAQ:AOSL opened at $41.72 on Thursday. The stock’s 50 day moving average price is $40.58 and its 200 day moving average price is $37.53. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $53.29. The company has a market capitalization of $1.21 billion, a P/E ratio of -62.27 and a beta of 2.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. On average, research analysts forecast that Alpha and Omega Semiconductor will post -0.67 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, Director Claudia Chen sold 5,623 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the sale, the director now owns 26,572 shares in the company, valued at approximately $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Bing Xue sold 875 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the completion of the sale, the executive vice president now owns 128,986 shares in the company, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,124 shares of company stock worth $2,500,685. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CloudAlpha Capital Management Limited Hong Kong bought a new position in Alpha and Omega Semiconductor in the fourth quarter worth $8,014,000. Raymond James Financial Inc. bought a new position in Alpha and Omega Semiconductor in the fourth quarter worth $922,000. Victory Capital Management Inc. lifted its position in Alpha and Omega Semiconductor by 551.8% in the fourth quarter. Victory Capital Management Inc. now owns 18,237 shares of the semiconductor company’s stock worth $675,000 after purchasing an additional 15,439 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 224,809 shares of the semiconductor company’s stock worth $8,325,000 after purchasing an additional 1,449 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Alpha and Omega Semiconductor by 2.4% in the fourth quarter. Bank of New York Mellon Corp now owns 147,398 shares of the semiconductor company’s stock worth $5,458,000 after purchasing an additional 3,475 shares during the period. 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.