Alpha and Omega Semiconductor (NASDAQ:AOSL) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a buy rating in a research report report published on Friday morning, BidAskClub reports.

Several other equities analysts have also recently issued reports on AOSL. Zacks Investment Research raised Alpha and Omega Semiconductor from a hold rating to a buy rating and set a $14.00 target price on the stock in a research note on Friday, November 8th. B. Riley boosted their target price on Alpha and Omega Semiconductor from $18.00 to $21.00 and gave the company a buy rating in a research note on Monday, September 16th. ValuEngine cut Alpha and Omega Semiconductor from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Finally, Loop Capital set a $18.00 price target on Alpha and Omega Semiconductor and gave the stock a buy rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $17.67.

Shares of AOSL traded down $0.34 during mid-day trading on Friday, hitting $12.35. 2,868 shares of the company’s stock traded hands, compared to its average volume of 108,281. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 0.25. Alpha and Omega Semiconductor has a 1 year low of $8.22 and a 1 year high of $13.87. The firm has a market capitalization of $315.51 million, a P/E ratio of 17.73 and a beta of 1.06. The business’s 50-day moving average price is $12.63 and its 200-day moving average price is $10.92.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Alpha and Omega Semiconductor had a return on equity of 3.52% and a net margin of 0.10%. The firm had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.97 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Alpha and Omega Semiconductor will post 0.64 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of AOSL. Tower Research Capital LLC TRC purchased a new stake in Alpha and Omega Semiconductor in the third quarter worth $25,000. Marshall Wace LLP grew its stake in Alpha and Omega Semiconductor by 41.8% in the second quarter. Marshall Wace LLP now owns 11,630 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 3,431 shares during the period. United Services Automobile Association boosted its holdings in Alpha and Omega Semiconductor by 13.7% in the second quarter. United Services Automobile Association now owns 12,237 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,479 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Alpha and Omega Semiconductor in the second quarter worth $174,000. Finally, Rhumbline Advisers boosted its holdings in Alpha and Omega Semiconductor by 10.6% in the third quarter. Rhumbline Advisers now owns 30,965 shares of the semiconductor company’s stock worth $380,000 after acquiring an additional 2,975 shares in the last quarter. 63.19% of the stock is currently owned by 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 worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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