Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Free Report) traded down 7.8% during trading on Thursday . The stock traded as low as $32.68 and last traded at $32.5980. 149,605 shares changed hands during trading, a decline of 78% from the average session volume of 669,825 shares. The stock had previously closed at $35.35.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AOSL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial upped 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. Finally, Needham & Company LLC began coverage on Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.00.
Check Out Our Latest Analysis on Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Stock Up 1.8%
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last announced 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 net margin of 15.51% and a negative return on equity of 4.30%. The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. During the same quarter last year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.
Insider Activity at Alpha and Omega Semiconductor
In other news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total value of $231,494.44. Following the transaction, the executive vice president owned 123,660 shares in the company, valued at $5,823,149.40. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is owned by insiders.
Institutional Investors Weigh In On Alpha and Omega Semiconductor
Several institutional investors and hedge funds have recently added to or reduced their stakes in AOSL. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at about $62,000. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at about $70,000. iSAM Funds UK Ltd purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at about $91,000. Tower Research Capital LLC TRC raised its holdings in Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 4,222 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Alpha and Omega Semiconductor by 146.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 3,635 shares during the last quarter. 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.
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