Zacks Investment Research upgraded shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) from a hold rating to a buy rating in a report published on Tuesday, May 9th. They currently have $21.00 target price on the semiconductor company’s stock.
According to Zacks, “Alpha and Omega Semiconductor Limited is engaged in designing, developing and supplying a broad range of power semiconductors globally, including a portfolio of Power MOSFET and Power IC products. The Company seeks to differentiate itself by integrating its expertise in device physics, process technology, design and advanced packaging to optimize product performance and cost. Its portfolio of products targets high-volume end-market applications, such as notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players and power supplies. The products are incorporated into devices by original equipment manufacturers, or OEMs. The Company utilizes third-party foundries for all of its wafer fabrication and it deploys and implements its proprietary MOSFET processes at these third party foundries. The Company relies upon its in-house capacity and an associated provider for most of its packaging and testing requirements. “
A number of other equities research analysts also recently commented on the stock. B. Riley reiterated a buy rating and set a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a report on Thursday, March 23rd. TheStreet raised shares of Alpha and Omega Semiconductor Limited from a c+ rating to a b- rating in a research report on Friday, May 5th.
Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. The business had revenue of $93.30 million during the quarter, compared to the consensus estimate of $92.10 million. Alpha and Omega Semiconductor Limited had a net margin of 3.09% and a return on equity of 4.25%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share.
In related news, VP Daniel Kuang Ming Chang sold 6,891 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $18.83, for a total value of $129,757.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.70% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Alpha and Omega Semiconductor Limited by 13.2% in the third quarter. Wells Fargo & Company MN now owns 6,576 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 766 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Alpha and Omega Semiconductor Limited during the first quarter worth $150,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Alpha and Omega Semiconductor Limited during the first quarter worth $187,000. Marshall Wace North America L.P. acquired a new position in shares of Alpha and Omega Semiconductor Limited during the first quarter worth $187,000. Finally, American International Group Inc. boosted its position in shares of Alpha and Omega Semiconductor Limited by 7.5% in the first quarter. American International Group Inc. now owns 11,227 shares of the semiconductor company’s stock worth $193,000 after buying an additional 780 shares during the period. 71.42% of the stock is currently owned by institutional investors and hedge funds.
About Alpha and Omega Semiconductor Limited
Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).
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