Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Receives Average Rating of “Hold” from Brokerages

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.00.

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Lake Street Capital began coverage on Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 target price on the stock. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, B. Riley Financial raised their price target 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.

Alpha and Omega Semiconductor Stock Up 1.8%

Shares of Alpha and Omega Semiconductor stock opened at $31.27 on Friday. The company has a market cap of $935.91 million, a P/E ratio of -8.78 and a beta of 2.55. The firm’s 50 day moving average price is $42.10 and its 200-day moving average price is $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 posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to analysts’ expectations of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. Alpha and Omega Semiconductor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share. As a group, equities research analysts forecast that Alpha and Omega Semiconductor will post -1.5 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 4,916 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 123,660 shares of the company’s stock, valued at $5,823,149.40. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is currently owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of AOSL. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 4.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock worth $32,263,000 after buying an additional 73,631 shares during the last quarter. State Street Corp increased its position in shares of Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 262,117 shares during the period. Wellington Management Group LLP increased its position in shares of Alpha and Omega Semiconductor by 15.0% in the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after acquiring an additional 113,077 shares during the period. Millennium Management LLC raised its stake in Alpha and Omega Semiconductor by 57.5% in the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after acquiring an additional 232,817 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Alpha and Omega Semiconductor by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 611,089 shares of the semiconductor company’s stock worth $12,108,000 after acquiring an additional 3,612 shares during the last quarter. Hedge funds and other 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.