Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to “Sell” at Wall Street Zen

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the stock. B. Riley Financial boosted their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Stock Down 16.4%

AOSL stock opened at $42.01 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -11.80 and a beta of 2.55. Alpha and Omega Semiconductor has a 12-month low of $17.01 and a 12-month high of $54.34. The company’s fifty day simple moving average is $36.83 and its 200 day simple moving average is $26.66.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.06. The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. Alpha and Omega Semiconductor’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Research analysts expect that Alpha and Omega Semiconductor will post -1.5 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 2,408 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $21.92, for a total transaction of $52,783.36. Following the transaction, the executive vice president owned 113,631 shares in the company, valued at approximately $2,490,791.52. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Chunping Chang sold 14,884 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the transaction, the chief executive officer owned 635,901 shares in the company, valued at $21,919,507.47. This represents a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,860 shares of company stock worth $1,913,960 over the last three months. 16.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently made changes to their positions in AOSL. Weber Capital Management LLC ADV acquired a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at about $10,842,000. State Street Corp raised its holdings in shares of Alpha and Omega Semiconductor by 21.6% during the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 262,117 shares during the period. Millennium Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 57.5% during the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after purchasing an additional 232,817 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Alpha and Omega Semiconductor by 12.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after acquiring an additional 158,869 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Alpha and Omega Semiconductor by 224.7% during the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after acquiring an additional 150,254 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.