Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Receives $23.67 Average PT from Brokerages

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) has been assigned a consensus recommendation of “Reduce” from the five research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $23.6667.

AOSL has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. Finally, Benchmark lowered their target price on shares of Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th.

Alpha and Omega Semiconductor Stock Up 9.6%

Shares of NASDAQ AOSL opened at $22.65 on Thursday. The company has a market cap of $674.06 million, a P/E ratio of -6.53 and a beta of 2.01. Alpha and Omega Semiconductor has a 52 week low of $15.90 and a 52 week high of $37.37. The business has a 50-day simple moving average of $21.44 and a two-hundred day simple moving average of $24.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $162.26 million during the quarter, compared to analysts’ expectations of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Equities research analysts anticipate that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,845 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $20.56, for a total value of $37,933.20. Following the completion of the transaction, the executive vice president directly owned 127,863 shares in the company, valued at approximately $2,628,863.28. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 16.70% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Weber Capital Management LLC ADV purchased a new position in shares of Alpha and Omega Semiconductor during the 4th quarter valued at about $10,842,000. Boston Partners raised its stake in shares of Alpha and Omega Semiconductor by 86.4% during the second quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock worth $28,467,000 after acquiring an additional 514,240 shares in the last quarter. State Street Corp lifted its holdings in shares of Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after acquiring an additional 262,117 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 57.5% in the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after acquiring an additional 232,817 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Alpha and Omega Semiconductor by 12.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after purchasing an additional 158,869 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.