Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Given Average Recommendation of “Hold” by Brokerages

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) has earned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.50.

A number of equities research analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 target price on the stock. B. Riley Financial upped their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th.

Alpha and Omega Semiconductor Stock Performance

AOSL stock opened at $45.35 on Friday. Alpha and Omega Semiconductor has a 1 year low of $17.01 and a 1 year high of $51.35. The stock’s 50 day moving average price is $34.19 and its 200 day moving average price is $25.63. The firm has a market cap of $1.36 billion, a P/E ratio of -12.74 and a beta of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results 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 return on equity of 4.30% and a negative net margin of 15.51%.The firm had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the prior year, the company earned ($0.10) EPS. Alpha and Omega Semiconductor’s revenue was down .5% on a year-over-year basis. On average, research analysts predict 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, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at approximately $21,919,507.47. The trade was a 2.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $30.57, for a total value of $810,624.69. Following the completion of the transaction, the chief financial officer owned 278,628 shares of the company’s stock, valued at $8,517,657.96. This trade represents a 8.69% 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 59,860 shares of company stock valued at $1,913,960. Insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

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

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.