Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a strong sell rating to a hold rating in a research report report published on Saturday.

AOSL has been the subject of several other research reports. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Needham & Company LLC began coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, February 6th. Finally, Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.50.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $37.90 on Friday. The business’s 50-day moving average is $27.56 and its two-hundred day moving average is $24.05. Alpha and Omega Semiconductor has a 1 year low of $17.01 and a 1 year high of $49.97. The firm has a market capitalization of $1.13 billion, a PE ratio of -10.65 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 the consensus estimate 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 company had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that Alpha and Omega Semiconductor will post -1.65 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Yifan Liang sold 8,625 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $35.00, for a total transaction of $301,875.00. Following the completion of the sale, the chief financial officer owned 270,003 shares of the company’s stock, valued at $9,450,105. The trade was a 3.10% decrease in their ownership of the stock. The transaction 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. Also, EVP Bing Xue sold 1,832 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $31.21, for a total value of $57,176.72. Following the sale, the executive vice president directly owned 132,617 shares of the company’s stock, valued at $4,138,976.57. This trade represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 59,860 shares of company stock worth $1,913,960 in the last three months. Insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of AOSL. Royal Bank of Canada lifted its holdings in shares of Alpha and Omega Semiconductor by 7.4% during the first quarter. Royal Bank of Canada now owns 11,939 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 820 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth about $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Alpha and Omega Semiconductor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 624 shares during the period. Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth about $70,000. Finally, Creative Planning acquired a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth about $248,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.