Benchmark Forecasts Strong Price Appreciation for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price objective hoisted by analysts at Benchmark from $40.00 to $42.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Benchmark's price target points to a potential upside of 13.06% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. B. Riley cut their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. StockNews.com cut Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus reduced their target price on shares of 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.

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock traded down $2.70 on Thursday, hitting $37.15. The company's stock had a trading volume of 1,041,483 shares, compared to its average volume of 721,720. The company has a market capitalization of $1.08 billion, a P/E ratio of -46.44 and a beta of 2.47. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $53.29. The firm has a fifty day moving average price of $40.66 and a 200-day moving average price of $37.44. The company has a quick ratio of 1.44, a current ratio of 2.72 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. On average, equities research analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 875 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now directly owns 128,986 shares in the company, valued at $5,288,426. This represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Yifan Liang sold 31,004 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the completion of the sale, the chief financial officer now owns 265,175 shares of the company's stock, valued at approximately $13,049,261.75. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,124 shares of company stock valued at $2,500,685 in the last quarter. 16.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AOSL. Millennium Management LLC lifted its position in Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company's stock valued at $5,130,000 after buying an additional 123,093 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Alpha and Omega Semiconductor by 2.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company's stock valued at $1,822,000 after acquiring an additional 1,348 shares during the period. Eastern Bank acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at $174,000. Farther Finance Advisors LLC boosted its position in Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock worth $66,000 after purchasing an additional 1,750 shares during the period. Finally, Olympiad Research LP acquired a new stake in Alpha and Omega Semiconductor in the 3rd quarter valued at $668,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.