Alpha and Omega Semiconductor's (AOSL) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Alpha and Omega Semiconductor (NASDAQ:AOSL - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $40.00 price objective on the semiconductor company's stock.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday. B. Riley decreased their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus upped their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a "sell" rating in a research note on Thursday, July 18th.

Alpha and Omega Semiconductor Stock Up 2.9 %

Shares of NASDAQ:AOSL traded up $0.78 during trading on Wednesday, reaching $27.55. 296,140 shares of the stock traded hands, compared to its average volume of 246,098. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $47.45. The stock has a market cap of $799.23 million, a P/E ratio of -69.92 and a beta of 2.42. The stock has a 50-day moving average of $36.01 and a two-hundred day moving average of $34.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The business had revenue of $181.89 million during the quarter, compared to analysts' expectations of $180.07 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts expect that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now directly owns 296,294 shares of the company's stock, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now owns 296,294 shares of the company's stock, valued at approximately $10,548,066.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now owns 33,245 shares of the company's stock, valued at $1,265,304.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,560 shares of company stock valued at $562,003 in the last three months. Company insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently bought and sold shares of the business. Hollencrest Capital Management purchased a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at $56,000. Summit Global Investments acquired a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $645,000. Olympiad Research LP purchased a new position in Alpha and Omega Semiconductor during the third quarter worth approximately $668,000. Farther Finance Advisors LLC boosted its stake in Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock worth $66,000 after buying an additional 1,750 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Alpha and Omega Semiconductor in the 3rd quarter valued at $174,000. Institutional investors own 78.97% of the company's stock.

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.