Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Raised to $21.00

Share on StockTwits

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price raised by B. Riley from $18.00 to $21.00 in a research note released on Monday, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts also recently issued reports on the company. ValuEngine downgraded Alpha and Omega Semiconductor from a hold rating to a sell rating in a report on Tuesday, September 10th. Zacks Investment Research raised Alpha and Omega Semiconductor from a hold rating to a strong-buy rating and set a $13.00 price target for the company in a report on Tuesday, August 13th. Finally, Loop Capital upped their price target on Alpha and Omega Semiconductor to $18.00 and gave the company a buy rating in a report on Thursday, August 22nd.

Shares of AOSL opened at $13.14 on Monday. The stock has a 50 day moving average price of $11.67 and a 200 day moving average price of $10.64. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $322.19 million, a price-to-earnings ratio of 18.77 and a beta of 1.03. Alpha and Omega Semiconductor has a 52-week low of $8.22 and a 52-week high of $13.67.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.19. The firm had revenue of $111.86 million during the quarter, compared to the consensus estimate of $112.00 million. Alpha and Omega Semiconductor had a return on equity of 3.90% and a net margin of 0.41%. On average, equities analysts anticipate that Alpha and Omega Semiconductor will post 0.59 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP lifted its stake in Alpha and Omega Semiconductor by 6.6% in the first quarter. Royce & Associates LP now owns 1,614,916 shares of the semiconductor company’s stock valued at $18,588,000 after buying an additional 100,122 shares during the last quarter. FMR LLC lifted its stake in Alpha and Omega Semiconductor by 38.5% in the first quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock valued at $15,634,000 after buying an additional 377,800 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alpha and Omega Semiconductor by 11.2% in the second quarter. Vanguard Group Inc. now owns 1,170,735 shares of the semiconductor company’s stock valued at $10,935,000 after buying an additional 117,917 shares during the last quarter. Gagnon Securities LLC lifted its stake in Alpha and Omega Semiconductor by 6.5% in the second quarter. Gagnon Securities LLC now owns 825,251 shares of the semiconductor company’s stock valued at $7,708,000 after buying an additional 50,628 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in Alpha and Omega Semiconductor by 6.2% in the second quarter. Panagora Asset Management Inc. now owns 336,187 shares of the semiconductor company’s stock valued at $3,140,000 after buying an additional 19,620 shares during the last quarter. Institutional investors own 62.47% of the company’s stock.

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 worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

Recommended Story: What is a capital gains distribution?

Receive News & Ratings for Alpha and Omega Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.