Alpha and Omega Semiconductor (NASDAQ:AOSL) Lowered to Sell Rating by Wall Street Zen

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

AOSL has been the topic of several other research reports. Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial raised their price target 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. Finally, Lake Street Capital initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They issued a “buy” rating and a $58.00 price objective for the company. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.00.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ AOSL opened at $30.85 on Friday. Alpha and Omega Semiconductor has a one year low of $17.01 and a one year high of $54.34. The business’s 50-day moving average price is $41.46 and its two-hundred day moving average price is $31.50. The company has a market capitalization of $923.34 million, a P/E ratio of -8.67 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to the consensus estimate of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business earned ($0.10) EPS. On average, equities analysts anticipate 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 news, EVP Bing Xue sold 4,916 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president directly owned 123,660 shares in the company, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AOSL. Weber Capital Management LLC ADV acquired a new position in Alpha and Omega Semiconductor during the 4th quarter worth $10,842,000. State Street Corp grew its position in shares of Alpha and Omega Semiconductor by 21.6% in 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 last quarter. Millennium Management LLC grew its position in shares of Alpha and Omega Semiconductor by 57.5% in 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 last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Alpha and Omega Semiconductor by 12.7% in 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 purchasing an additional 158,869 shares during the period. Finally, UBS Group AG increased its stake in shares of Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after purchasing an additional 150,254 shares during the period. Institutional investors own 78.97% of the company’s stock.

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.