Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded to “Strong-Buy” at Zacks Investment Research

Alpha and Omega Semiconductor (NASDAQ:AOSL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $13.00 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 14.84% from the company’s current price.

According to Zacks, “Alpha and Omega Semiconductor Limited is engaged in designing, developing and supplying a broad range of power semiconductors globally, including a portfolio of Power MOSFET and Power IC products. The Company seeks to differentiate itself by integrating its expertise in device physics, process technology, design and advanced packaging to optimize product performance and cost. Its portfolio of products targets high-volume end-market applications, such as notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players and power supplies. The products are incorporated into devices by original equipment manufacturers, or OEMs. The Company utilizes third-party foundries for all of its wafer fabrication and it deploys and implements its proprietary MOSFET processes at these third party foundries. The Company relies upon its in-house capacity and an associated provider for most of its packaging and testing requirements. “

A number of other brokerages have also recently issued reports on AOSL. ValuEngine raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Loop Capital started coverage on Alpha and Omega Semiconductor in a research note on Tuesday, June 18th. They issued a “buy” rating and a $13.00 target price on the stock.



Shares of NASDAQ:AOSL traded up $0.30 on Tuesday, reaching $11.32. 100,163 shares of the company traded hands, compared to its average volume of 83,849. The business has a 50-day simple moving average of $9.49. Alpha and Omega Semiconductor has a 52 week low of $8.22 and a 52 week high of $15.21. The stock has a market capitalization of $271.10 million, a PE ratio of 16.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.83 and a quick ratio of 1.20.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP grew its stake in shares of Alpha and Omega Semiconductor by 6.6% in the first quarter. Royce & Associates LP now owns 1,614,916 shares of the semiconductor company’s stock worth $18,588,000 after purchasing an additional 100,122 shares during the last quarter. FMR LLC grew its stake in shares of Alpha and Omega Semiconductor by 38.5% in the first quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock worth $15,634,000 after purchasing an additional 377,800 shares during the last quarter. Gagnon Securities LLC grew its stake in shares of Alpha and Omega Semiconductor by 6.5% in the second quarter. Gagnon Securities LLC now owns 825,251 shares of the semiconductor company’s stock worth $7,708,000 after purchasing an additional 50,628 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Alpha and Omega Semiconductor by 6.2% in the second quarter. Panagora Asset Management Inc. now owns 336,187 shares of the semiconductor company’s stock worth $3,140,000 after purchasing an additional 19,620 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Alpha and Omega Semiconductor by 3.3% in the second quarter. Northern Trust Corp now owns 259,643 shares of the semiconductor company’s stock worth $2,425,000 after purchasing an additional 8,387 shares during the last quarter. 63.35% 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.

Further Reading: Return On Assets

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