Alpha and Omega Semiconductor (NASDAQ:AOSL) PT Lowered to $21.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price lowered by research analysts at Stifel Nicolaus from $23.00 to $21.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “sell” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.42% from the company’s previous close.

A number of other analysts have also commented on AOSL. B. Riley upgraded shares of Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $28.00 to $34.00 in a research note on Tuesday, January 2nd. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL opened at $19.55 on Thursday. The company has a fifty day moving average of $22.16 and a 200-day moving average of $24.12. The firm has a market capitalization of $552.87 million, a P/E ratio of -31.03 and a beta of 2.39. The company has a quick ratio of 1.33, a current ratio of 2.52 and a debt-to-equity ratio of 0.04. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $35.40.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The company had revenue of $165.29 million during the quarter, compared to analyst estimates of $165.00 million. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. As a group, sell-side analysts anticipate that Alpha and Omega Semiconductor will post -0.5 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 14,292 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $22.77, for a total transaction of $325,428.84. Following the completion of the sale, the executive vice president now owns 131,291 shares in the company, valued at approximately $2,989,496.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alpha and Omega Semiconductor news, Chairman Mike F. Chang sold 30,000 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, January 29th. The shares were sold at an average price of $26.91, for a total transaction of $807,300.00. Following the transaction, the chairman now directly owns 4,500,286 shares of the company’s stock, valued at approximately $121,102,696.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bing Xue sold 14,292 shares of Alpha and Omega Semiconductor stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $22.77, for a total transaction of $325,428.84. Following the transaction, the executive vice president now directly owns 131,291 shares in the company, valued at $2,989,496.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,693 shares of company stock worth $1,689,413. 17.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently bought and sold shares of AOSL. Captrust Financial Advisors purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth about $45,000. US Bancorp DE purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth about $45,000. Pineridge Advisors LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC boosted its holdings in shares of Alpha and Omega Semiconductor by 154.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,691 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,026 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth about $104,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.