Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $47.00 Price Target at B. Riley

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its target price reduced by investment analysts at B. Riley from $50.00 to $47.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. B. Riley's target price suggests a potential upside of 75.57% from the stock's current price.

AOSL has been the subject of several other reports. Stifel Nicolaus increased their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a "sell" rating in a report on Thursday, July 18th. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday, October 25th.

Alpha and Omega Semiconductor Stock Down 19.5 %

NASDAQ:AOSL traded down $6.48 during midday trading on Tuesday, reaching $26.77. The company had a trading volume of 993,510 shares, compared to its average volume of 245,828. The firm has a market capitalization of $776.60 million, a price-to-earnings ratio of -73.67 and a beta of 2.42. The stock's fifty day simple moving average is $36.23 and its 200-day simple moving average is $34.00. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $47.45. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.

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 the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the firm earned $0.30 EPS. The business's revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate 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 Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction 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 completion of the sale, the chief financial officer now owns 296,294 shares of the company's stock, valued at $10,548,066.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the transaction, the chief financial officer now owns 296,294 shares in the company, valued at $10,548,066.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Wenjun Li sold 2,183 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,560 shares of company stock valued at $562,003 in the last quarter. Company insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP bought a new position in Alpha and Omega Semiconductor in the second quarter valued at approximately $36,000. Point72 DIFC Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth $47,000. Hollencrest Capital Management acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth $62,000. Finally, Farther Finance Advisors LLC grew its position in shares of Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock valued at $66,000 after acquiring an additional 1,750 shares during the period. 78.97% 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 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.