Alpha and Omega Semiconductor Limited (AOSL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) have received an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.00.

AOSL has been the topic of several research reports. Northland Securities reaffirmed a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor in a report on Friday, November 3rd. B. Riley lifted their target price on Alpha and Omega Semiconductor from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 target price on shares of Alpha and Omega Semiconductor in a report on Thursday, October 12th. Finally, BidaskClub cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd.

Shares of Alpha and Omega Semiconductor (NASDAQ AOSL) opened at $17.20 on Friday. The company has a market capitalization of $412.97, a PE ratio of 28.16 and a beta of 0.26. Alpha and Omega Semiconductor has a twelve month low of $14.81 and a twelve month high of $23.62.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The business had revenue of $104.90 million for the quarter, compared to the consensus estimate of $103.15 million. Alpha and Omega Semiconductor had a net margin of 3.92% and a return on equity of 4.85%. Alpha and Omega Semiconductor’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. equities analysts anticipate that Alpha and Omega Semiconductor will post 0.64 EPS for the current fiscal year.

In other news, VP Daniel Kuang Ming Chang sold 3,588 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $17.19, for a total value of $61,677.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 21.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Gagnon Securities LLC increased its holdings in shares of Alpha and Omega Semiconductor by 7.0% in the third quarter. Gagnon Securities LLC now owns 480,355 shares of the semiconductor company’s stock worth $7,921,000 after purchasing an additional 31,562 shares during the last quarter. Royce & Associates LP grew its position in Alpha and Omega Semiconductor by 15.2% in the third quarter. Royce & Associates LP now owns 943,314 shares of the semiconductor company’s stock worth $15,555,000 after acquiring an additional 124,810 shares in the last quarter. Wells Fargo & Company MN grew its position in Alpha and Omega Semiconductor by 104.6% in the third quarter. Wells Fargo & Company MN now owns 34,659 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 17,716 shares in the last quarter. Citadel Advisors LLC purchased a new position in Alpha and Omega Semiconductor in the third quarter worth about $2,281,000. Finally, JPMorgan Chase & Co. grew its position in Alpha and Omega Semiconductor by 12.4% in the third quarter. JPMorgan Chase & Co. now owns 909,832 shares of the semiconductor company’s stock worth $15,130,000 after acquiring an additional 100,697 shares in the last quarter. 70.52% of the stock is currently owned by hedge funds and other institutional investors.

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About Alpha and Omega Semiconductor

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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