Alpha and Omega Semiconductor (NASDAQ:AOSL) Rating Increased to Hold at Wall Street Zen

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

Other research analysts also recently issued reports about the company. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price target on the stock. B. Riley Financial lifted their price objective on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday. They set a “buy” rating and a $58.00 target price on the stock. Stifel Nicolaus raised their price target on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alpha and Omega Semiconductor presently has an average rating of “Hold” and an average price target of $40.00.

Alpha and Omega Semiconductor Stock Down 3.4%

Shares of AOSL opened at $44.14 on Friday. Alpha and Omega Semiconductor has a twelve month low of $17.01 and a twelve month high of $54.34. The company has a market capitalization of $1.32 billion, a P/E ratio of -12.40 and a beta of 2.55. The firm has a 50 day moving average of $42.90 and a 200 day moving average of $29.27.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data 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. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The business had revenue of $163.79 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same period in the prior year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that Alpha and Omega Semiconductor will post -1.5 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 26,517 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $30.57, for a total value of $810,624.69. Following the transaction, the chief financial officer owned 278,628 shares of the company’s stock, valued at approximately $8,517,657.96. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the transaction, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 62,368 shares of company stock valued at $2,092,671. 16.70% of the stock is owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently added to or reduced their stakes in AOSL. Weber Capital Management LLC ADV purchased a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter worth about $10,842,000. JPMorgan Chase & Co. lifted its holdings in Alpha and Omega Semiconductor by 72.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company’s stock worth $4,441,000 after purchasing an additional 66,723 shares in the last quarter. Acuitas Investments LLC boosted its stake in Alpha and Omega Semiconductor by 38.6% in the 3rd quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock worth $6,736,000 after purchasing an additional 67,100 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Alpha and Omega Semiconductor during the 4th quarter valued at approximately $563,000. Finally, Royce & Associates LP grew its holdings in Alpha and Omega Semiconductor by 10.9% during the 4th quarter. Royce & Associates LP now owns 474,015 shares of the semiconductor company’s stock valued at $9,390,000 after buying an additional 46,662 shares in the last quarter. 78.97% of the stock is currently owned by 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.