Sidoti Initiates Coverage on Alpha and Omega Semiconductor Limited (AOSL)

Analysts at Sidoti assumed coverage on shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in a report issued on Thursday, The Fly reports. The brokerage set a “buy” rating on the semiconductor company’s stock.

Several other equities analysts have also recently issued reports on AOSL. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, May 4th. Northland Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, TheStreet raised shares of Alpha and Omega Semiconductor Limited from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.00.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 1.47% on Thursday, reaching $17.94. 31,089 shares of the company’s stock traded hands. Alpha and Omega Semiconductor Limited has a 52 week low of $13.88 and a 52 week high of $23.93. The company has a 50 day moving average price of $18.38 and a 200 day moving average price of $19.15. The firm has a market capitalization of $426.79 million, a price-to-earnings ratio of 37.22 and a beta of 0.25.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last released 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. Alpha and Omega Semiconductor Limited had a net margin of 3.09% and a return on equity of 4.25%. The company had revenue of $93.30 million for the quarter, compared to the consensus estimate of $92.10 million. During the same period in the previous year, the firm earned ($0.06) EPS. Alpha and Omega Semiconductor Limited’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post $0.80 earnings per share for the current fiscal year.

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In other news, VP Daniel Kuang Ming Chang sold 6,891 shares of Alpha and Omega Semiconductor Limited 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 21.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Alpha and Omega Semiconductor Limited by 4.0% in the fourth quarter. State Street Corp now owns 295,844 shares of the semiconductor company’s stock worth $6,293,000 after buying an additional 11,437 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Alpha and Omega Semiconductor Limited by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,959,788 shares of the semiconductor company’s stock worth $41,686,000 after buying an additional 38,191 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Alpha and Omega Semiconductor Limited by 21.5% in the fourth quarter. Federated Investors Inc. PA now owns 20,922 shares of the semiconductor company’s stock worth $445,000 after buying an additional 3,709 shares during the last quarter. Allianz Asset Management AG increased its position in shares of Alpha and Omega Semiconductor Limited by 75.5% in the fourth quarter. Allianz Asset Management AG now owns 77,577 shares of the semiconductor company’s stock worth $1,650,000 after buying an additional 33,363 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Alpha and Omega Semiconductor Limited during the fourth quarter worth approximately $295,000. 71.42% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Limited Company Profile

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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