StockNews.com took over stock coverage of Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Valuation) in a report released Thursday. The brokerage has placed a “buy” rating on the shares of the semiconductor company.
A number of other equity research analysts have also recently commented on the stock. B. Riley raised his price target on shares of Alpha and Omega Semiconductor from $67.00 to $79.00 in a report on Wednesday. Zacks Investment Research upgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a price target of $61.00 for the company in a Friday, February 11 report.
NASDAQ:AOSL opened at $63.02 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.90 and a debt ratio of 0.02. The stock has a market capitalization of $1.68 billion, a price-earnings ratio of 4.02 and a beta of 2.49. The company has a fifty-day simple moving average of $51.99 and a two-hundred-day simple moving average of $45.99. Alpha and Omega Semiconductor has a 12-month low of $23.66 and a 12-month high of $69.99.
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Rating) released its quarterly results for the last time on Monday, February 7. The semiconductor company reported EPS of $0.90 for the quarter, beating analyst consensus estimates of $0.88 by $0.02. The company posted revenue of $193.32 million in the quarter, compared to $188.00 million expected by analysts. Alpha and Omega Semiconductor had a net margin of 60.82% and a return on equity of 15.15%. The company’s quarterly revenue increased 21.7% year over year. During the same period last year, the company posted earnings per share of $0.56. Stock analysts predict that Alpha and Omega Semiconductor will post earnings per share of 3.61 for the current fiscal year.
Separately, chief operating officer Wenjun Li sold 2,736 shares of the company in a transaction dated Thursday, January 13. The shares were sold at an average price of $53.00, for a total transaction of $145,008.00. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, CEO Mike F. Chang sold 56,400 shares of the company in a trade dated Thursday, March 17. The shares were sold at an average price of $55.00, for a total transaction of $3,102,000.00. The disclosure of this sale can be found here. Insiders sold 68,674 shares of the company valued at $3,730,341 during the last quarter. Company insiders own 19.90% of the company’s shares.
Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. The Swiss National Bank raised its position in shares of Alpha and Omega Semiconductor by 1.5% during the third quarter. The Swiss National Bank now owns 46,100 shares of the semiconductor company valued at $1,446,000 after buying 700 more shares last quarter. Millennium Management LLC raised its position in shares of Alpha and Omega Semiconductor by 23.8% during the third quarter. Millennium Management LLC now owns 264,155 shares of the semiconductor company valued at $8,287,000 after buying an additional 50,850 shares last quarter. Jacobi Capital Management LLC increased its position in Alpha and Omega Semiconductor by 1,254.9% in the third quarter. Jacobi Capital Management LLC now owns 4,539 shares of the semiconductor company worth $142,000 after acquiring 4,204 additional shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Alpha and Omega Semiconductor in the second quarter worth approximately $379,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Alpha and Omega Semiconductor by 76.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 168,510 shares of the semiconductor company worth $5,286,000 after acquiring an additional 73,243 shares during the period. 60.38% of the shares are currently held by institutional investors.
About Alpha and Omega Semiconductor (Get a rating)
Alpha and Omega Semiconductor Limited designs, develops and supplies power semiconductors for computing, consumer electronics, communication and industrial applications in Hong Kong, China, South Korea, USA and internationally. It offers discrete power products, including metal-oxide-semiconductor field-effect transistors (MOSFETs), SRFETs, XSFETs, ESD, shielded MOSFETs, high and medium voltage MOSFETs and bipolar transistors. insulated grid for use in smart phone chargers, battery packs, laptops, desktops and servers, data centers, base stations, graphics cards, game cases, televisions, AC adapters, power supplies, motor control, power tools, electric vehicles, household appliances and industrial motors, UPS systems, solar inverters, and industrial welding.
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