Loop Capital Reiterates $18.00 Price Target for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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Loop Capital set a $18.00 target price on Alpha and Omega Semiconductor (NASDAQ:AOSL) in a research note issued to investors on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

AOSL has been the subject of a number of other reports. B. Riley increased their target price on shares of Alpha and Omega Semiconductor from $18.00 to $21.00 and gave the company a buy rating in a research report on Monday. ValuEngine downgraded shares of Alpha and Omega Semiconductor from a hold rating to a sell rating in a research report on Tuesday, September 10th. Finally, Zacks Investment Research raised shares of Alpha and Omega Semiconductor from a hold rating to a strong-buy rating and set a $13.00 target price for the company in a research report on Tuesday, August 13th.

Shares of Alpha and Omega Semiconductor stock traded down $0.10 on Tuesday, reaching $13.04. 133,693 shares of the company traded hands, compared to its average volume of 91,985. Alpha and Omega Semiconductor has a 52 week low of $8.22 and a 52 week high of $13.67. The company has a 50 day moving average of $11.67 and a 200 day moving average of $10.64. The firm has a market capitalization of $319.24 million, a PE ratio of 18.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.66 and a quick ratio of 1.03.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. United Services Automobile Association boosted its holdings in Alpha and Omega Semiconductor by 13.7% in the 2nd quarter. United Services Automobile Association now owns 12,237 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,479 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Alpha and Omega Semiconductor by 5.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 47,743 shares of the semiconductor company’s stock worth $446,000 after buying an additional 2,347 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Alpha and Omega Semiconductor by 427.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,152 shares of the semiconductor company’s stock worth $48,000 after buying an additional 3,365 shares during the period. Marshall Wace LLP boosted its holdings in Alpha and Omega Semiconductor by 41.8% in the 2nd quarter. Marshall Wace LLP now owns 11,630 shares of the semiconductor company’s stock worth $109,000 after buying an additional 3,431 shares during the period. Finally, Strs Ohio boosted its holdings in Alpha and Omega Semiconductor by 7.5% in the 2nd quarter. Strs Ohio now owns 57,400 shares of the semiconductor company’s stock worth $536,000 after buying an additional 4,000 shares during the period. 62.47% 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 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.

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