Alpha and Omega Semiconductor Ltd. (NASDAQ:AOSL) hit a new 52-week high on Thursday . The stock traded as high as $20.28 and last traded at $19.95, with a volume of 263,858 shares. The stock had previously closed at $19.64.

Several equities research analysts have recently weighed in on the company. B. Riley upgraded Alpha and Omega Semiconductor to a “buy” rating and set a $20.50 price target on the stock in a report on Tuesday. Zacks Investment Research downgraded Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, TheStreet raised Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Alpha and Omega Semiconductor has a consensus rating of “Buy” and an average target price of $16.63.

The stock has a 50-day moving average of $14.98 and a 200 day moving average of $13.19. The stock’s market cap is $455.74 million.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.09. The company earned $91.40 million during the quarter, compared to analyst estimates of $87.50 million. Equities analysts expect that Alpha and Omega Semiconductor Ltd. will post $0.37 EPS for the current year.

In other Alpha and Omega Semiconductor news, VP Daniel Kuang Ming Chang sold 2,679 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, July 1st. The shares were sold at an average price of $13.83, for a total value of $37,050.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Yueh-Se Ho sold 75,000 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $15.55, for a total transaction of $1,166,250.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Alpha and Omega Semiconductor stock. Royce & Associates LLC raised its position in shares of Alpha and Omega Semiconductor Ltd. (NASDAQ:AOSL) by 104.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 622,354 shares of the company’s stock after buying an additional 318,415 shares during the period. Royce & Associates LLC owned 2.81% of Alpha and Omega Semiconductor worth $5,719,000 at the end of the most recent quarter.

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of products targets high-volume applications, including personal computers, flat panel televisions (TVs), light-emitting diode (LED) lighting, smart phones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment.

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