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 issued to investors on Tuesday, Zacks.com reports. Zacks Investment Research currently has $13.00 price objective 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 subject of several other research reports. Loop Capital began coverage on Alpha and Omega Semiconductor in a research note on Tuesday, June 18th. They set a buy rating and a $13.00 target price for the company. ValuEngine raised Alpha and Omega Semiconductor from a sell rating to a hold rating in a research note on Thursday, August 1st.

NASDAQ AOSL opened at $11.42 on Tuesday. The business has a 50 day simple moving average of $9.68 and a 200 day simple moving average of $10.47. Alpha and Omega Semiconductor has a one year low of $8.22 and a one year high of $15.21. The stock has a market capitalization of $268.42 million, a P/E ratio of 16.31 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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. BNP Paribas Arbitrage SA grew its stake in Alpha and Omega Semiconductor by 427.6% during the first quarter. BNP Paribas Arbitrage SA now owns 4,152 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 3,365 shares during the period. Marshall Wace LLP grew its stake in Alpha and Omega Semiconductor by 41.8% during the second quarter. Marshall Wace LLP now owns 11,630 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 3,431 shares during the period. United Services Automobile Association grew its stake in Alpha and Omega Semiconductor by 13.7% during the second quarter. United Services Automobile Association now owns 12,237 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,479 shares during the period. Susquehanna International Group LLP acquired a new stake in Alpha and Omega Semiconductor during the second quarter worth approximately $174,000. Finally, Spark Investment Management LLC bought a new position in Alpha and Omega Semiconductor in the first quarter worth approximately $229,000. 63.35% of the stock is owned by institutional investors and hedge funds.

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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