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

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Zacks Investment Research upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a strong-buy rating in a research note published on Tuesday morning, Zacks.com reports. The firm currently has $13.00 target price on the semiconductor company’s stock.

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. “

AOSL has been the topic of a number of other research reports. Loop Capital began coverage on shares of Alpha and Omega Semiconductor in a research note on Tuesday, June 18th. They set a buy rating and a $13.00 target price on the stock. ValuEngine upgraded shares of Alpha and Omega Semiconductor from a sell rating to a hold rating in a research note on Thursday, August 1st.

NASDAQ AOSL opened at $10.81 on Tuesday. Alpha and Omega Semiconductor has a 12 month low of $8.22 and a 12 month high of $15.21. The stock has a market cap of $274.98 million, a price-to-earnings ratio of 16.17 and a beta of 1.08. The company’s 50 day moving average is $9.64 and its two-hundred day moving average is $10.46. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.25.

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in Alpha and Omega Semiconductor by 5.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 47,743 shares of the semiconductor company’s stock valued at $446,000 after purchasing an additional 2,347 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Alpha and Omega Semiconductor by 427.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,152 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 3,365 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Alpha and Omega Semiconductor by 41.8% in the 2nd quarter. Marshall Wace LLP now owns 11,630 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 3,431 shares during the last quarter. Strs Ohio grew its stake in shares of Alpha and Omega Semiconductor by 7.5% in the 2nd quarter. Strs Ohio now owns 57,400 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Alpha and Omega Semiconductor by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 101,818 shares of the semiconductor company’s stock valued at $1,038,000 after buying an additional 4,479 shares in the last quarter. Institutional investors own 63.35% of the company’s stock.

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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