Alpha and Omega Semiconductor (NASDAQ:AOSL) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other brokerages have also issued reports on AOSL. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Stifel Nicolaus cut their price objective 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Benchmark dropped their target price on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $24.00 target price (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $23.67.

Alpha and Omega Semiconductor Trading Up 4.3%

Shares of AOSL opened at $20.96 on Tuesday. Alpha and Omega Semiconductor has a 12-month low of $15.90 and a 12-month high of $37.37. The company has a market cap of $623.77 million, a PE ratio of -6.04 and a beta of 2.01. The stock has a 50-day moving average price of $21.41 and a 200-day moving average price of $24.59.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The company had revenue of $162.26 million during the quarter, compared to analysts’ expectations of $160.67 million. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. As a group, analysts predict that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,845 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $20.56, for a total transaction of $37,933.20. Following the transaction, the executive vice president directly owned 127,863 shares of the company’s stock, valued at approximately $2,628,863.28. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently added to or reduced their stakes in AOSL. CWM LLC boosted its holdings in Alpha and Omega Semiconductor by 20.0% in the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 386 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Alpha and Omega Semiconductor by 49.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 504 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 137.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alpha and Omega Semiconductor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after buying an additional 624 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Alpha and Omega Semiconductor by 21.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,109 shares of the semiconductor company’s stock worth $115,000 after buying an additional 724 shares during the last quarter. Institutional investors 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.