Alpha and Omega Semiconductor Limited (AOSL) Rating Reiterated by Stifel Nicolaus

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report released on Thursday. They presently have a $18.00 price target on the semiconductor company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 3.21% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a report on Sunday, August 13th. Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 4th. Sidoti began coverage on shares of Alpha and Omega Semiconductor Limited in a report on Thursday, July 13th. They set a “buy” rating on the stock. Finally, Northland Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a report on Thursday, July 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.00.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ AOSL) traded up 0.75% during mid-day trading on Thursday, hitting $17.44. 47,109 shares of the company were exchanged. The company has a 50 day moving average of $16.12 and a 200 day moving average of $17.08. The company has a market capitalization of $418.51 million, a P/E ratio of 31.14 and a beta of 0.28. Alpha and Omega Semiconductor Limited has a 52 week low of $14.81 and a 52 week high of $23.93.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. Alpha and Omega Semiconductor Limited had a net margin of 3.61% and a return on equity of 4.76%. The business had revenue of $98.00 million for the quarter, compared to the consensus estimate of $97.50 million. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Alpha and Omega Semiconductor Limited will post $1.02 earnings per share for the current year.

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In other news, VP Daniel Kuang Ming Chang sold 3,588 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $17.19, for a total value of $61,677.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 21.70% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,996,806 shares of the semiconductor company’s stock worth $33,287,000 after buying an additional 11,201 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 14.6% in the second quarter. Vanguard Group Inc. now owns 1,121,894 shares of the semiconductor company’s stock worth $18,702,000 after buying an additional 143,303 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 5.0% in the second quarter. Renaissance Technologies LLC now owns 968,900 shares of the semiconductor company’s stock worth $16,152,000 after buying an additional 46,400 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 45.4% in the second quarter. Royce & Associates LP now owns 818,504 shares of the semiconductor company’s stock worth $13,644,000 after buying an additional 255,666 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor Limited by 24.2% in the first quarter. AQR Capital Management LLC now owns 491,373 shares of the semiconductor company’s stock worth $8,447,000 after buying an additional 95,847 shares in the last quarter. 69.88% of the stock is currently owned by hedge funds and other institutional investors.

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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