Analysts Set Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Target Price at $40.00

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $40.00.

Several equities analysts recently issued reports on AOSL shares. B. Riley Financial boosted 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 research 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. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Lake Street Capital began coverage on Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They issued a “buy” rating and a $58.00 target price for the company.

Alpha and Omega Semiconductor Stock Down 13.1%

Shares of AOSL stock opened at $30.71 on Friday. The firm has a market capitalization of $919.15 million, a price-to-earnings ratio of -8.63 and a beta of 2.55. The stock has a fifty day moving average of $42.23 and a 200 day moving average of $31.04. Alpha and Omega Semiconductor has a 52 week low of $17.01 and a 52 week high of $54.34.

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

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the completion of the transaction, the executive vice president owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its position in shares of Alpha and Omega Semiconductor by 9.9% in the 1st quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company’s stock worth $2,667,000 after purchasing an additional 10,790 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Alpha and Omega Semiconductor by 15.2% in the first quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock worth $825,000 after acquiring an additional 4,915 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Alpha and Omega Semiconductor by 1,361.0% in the first quarter. Public Employees Retirement System of Ohio now owns 9,628 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 8,969 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Alpha and Omega Semiconductor during the first quarter valued at $351,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Alpha and Omega Semiconductor by 1.0% during the first quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after acquiring an additional 1,178 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.