Alpha and Omega Semiconductor (NASDAQ:AOSL) Raised to “Buy” at StockNews.com

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. B. Riley reduced their target price on shares of Alpha and Omega Semiconductor from $79.00 to $65.00 in a research report on Tuesday, April 12th.

Shares of AOSL stock opened at $43.41 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 2.77 and a beta of 2.47. The company has a quick ratio of 1.90, a current ratio of 2.62 and a debt-to-equity ratio of 0.02. Alpha and Omega Semiconductor has a fifty-two week low of $23.66 and a fifty-two week high of $69.99. The firm’s 50 day moving average price is $52.09 and its two-hundred day moving average price is $47.99.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last announced its quarterly earnings results on Monday, February 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. The firm had revenue of $193.32 million for the quarter, compared to analysts’ expectations of $188.00 million. Alpha and Omega Semiconductor had a net margin of 60.82% and a return on equity of 15.15%. Alpha and Omega Semiconductor’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 earnings per share. On average, equities analysts forecast that Alpha and Omega Semiconductor will post 3.61 EPS for the current fiscal year.

In related news, CEO Mike F. Chang sold 56,400 shares of the company’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $55.00, for a total value of $3,102,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bing Xue sold 1,989 shares of the company’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $44.34, for a total transaction of $88,192.26. Following the completion of the sale, the executive vice president now directly owns 65,517 shares in the company, valued at $2,905,023.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,913 shares of company stock worth $4,055,047. Corporate insiders own 19.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. First Quadrant LLC CA bought a new stake in Alpha and Omega Semiconductor during the first quarter valued at $42,000. Covestor Ltd bought a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at $47,000. Koshinski Asset Management Inc. increased its stake in Alpha and Omega Semiconductor by 75.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 975 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 420 shares during the last quarter. Denali Advisors LLC increased its stake in Alpha and Omega Semiconductor by 12,727.3% during the first quarter. Denali Advisors LLC now owns 1,411 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Alpha and Omega Semiconductor by 79.0% during the second quarter. Royal Bank of Canada now owns 1,471 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 649 shares during the last quarter. Hedge funds and other institutional investors own 60.38% of the company’s stock.

Alpha and Omega Semiconductor Company Profile (Get Rating)

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.

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