Alpha and Omega Semiconductor Limited (AOSL) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) have been given a consensus recommendation of “Buy” by the six research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $26.00.

Several equities research analysts recently issued reports on AOSL shares. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 price target on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, October 12th. Northland Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 6th. Zacks Investment Research cut Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a research note on Monday, August 7th. Finally, Sidoti started coverage on Alpha and Omega Semiconductor Limited in a research note on Thursday, July 13th. They issued a “buy” rating for the company.

In other Alpha and Omega Semiconductor Limited news, VP Daniel Kuang Ming Chang sold 3,588 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $17.19, for a total transaction of $61,677.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. SG Americas Securities LLC bought a new stake in Alpha and Omega Semiconductor Limited during the first quarter worth $150,000. Voya Investment Management LLC bought a new stake in Alpha and Omega Semiconductor Limited during the second quarter worth $177,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Alpha and Omega Semiconductor Limited during the second quarter worth $178,000. Marshall Wace North America L.P. bought a new stake in Alpha and Omega Semiconductor Limited during the first quarter worth $187,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Alpha and Omega Semiconductor Limited during the first quarter worth $187,000. Hedge funds and other institutional investors own 69.45% of the company’s stock.

Alpha and Omega Semiconductor Limited (NASDAQ AOSL) opened at 17.46 on Friday. Alpha and Omega Semiconductor Limited has a one year low of $14.81 and a one year high of $23.93. The stock has a 50 day moving average price of $16.51 and a 200-day moving average price of $17.12. The firm has a market capitalization of $418.99 million, a PE ratio of 31.18 and a beta of 0.28.

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 (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The business had revenue of $98.00 million during the quarter, compared to analysts’ expectations of $97.50 million. Alpha and Omega Semiconductor Limited had a return on equity of 4.76% and a net margin of 3.61%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post $1.02 earnings per share for the current year.

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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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