Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $52.72, but opened at $49.01. Alpha and Omega Semiconductor shares last traded at $48.5050, with a volume of 130,077 shares trading hands.
Wall Street Analysts Forecast Growth
AOSL has been the subject of several research analyst reports. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price target for the company. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, B. Riley Financial increased 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. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.50.
Alpha and Omega Semiconductor Stock Performance
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to the consensus estimate of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) EPS. On average, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.
Insider Buying and Selling at Alpha and Omega Semiconductor
In other Alpha and Omega Semiconductor news, CEO Stephen Chunping Chang sold 14,884 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the sale, the chief executive officer directly owned 635,901 shares of the company’s stock, valued at $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mike F. Chang acquired 33,727 shares of the company’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $19.00 per share, for a total transaction of $640,813.00. Following the completion of the acquisition, the director owned 4,369,574 shares of the company’s stock, valued at approximately $83,021,906. The trade was a 0.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 59,860 shares of company stock valued at $1,913,960 in the last three months. 16.70% of the stock is owned by company insiders.
Institutional Investors Weigh In On Alpha and Omega Semiconductor
Several institutional investors have recently added to or reduced their stakes in AOSL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Alpha and Omega Semiconductor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Alpha and Omega Semiconductor by 9.2% during the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock valued at $177,000 after buying an additional 755 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Alpha and Omega Semiconductor by 1.8% during the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock valued at $932,000 after buying an additional 844 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 634.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 895 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 1,053 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.
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.
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