Wall Street Zen lowered shares of Alpha and Omega Semiconductor (NASDAQ:AOSL – Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.
Other equities analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Lake Street Capital started coverage on Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They issued a “buy” rating and a $58.00 price target for the company. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Finally, B. Riley Financial increased their target price 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. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.
Read Our Latest Report on Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Stock Down 8.8%
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $163.79 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same period in the prior year, the firm earned ($0.10) EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts forecast that Alpha and Omega Semiconductor will post -1.5 EPS for the current fiscal year.
Insider Transactions at Alpha and Omega Semiconductor
In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,916 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $5,823,149.40. This represents a 3.82% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.70% of the company’s stock.
Institutional Investors Weigh In On Alpha and Omega Semiconductor
Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Alpha and Omega Semiconductor by 7.4% in the 1st quarter. Royal Bank of Canada now owns 11,939 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 820 shares during the period. AQR Capital Management LLC acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter worth about $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $352,000 after buying an additional 624 shares in the last quarter. Strs Ohio acquired a new position in shares of Alpha and Omega Semiconductor in the first quarter worth about $70,000. Finally, Creative Planning acquired a new position in shares of Alpha and Omega Semiconductor in the second quarter worth about $248,000. 78.97% of the stock is owned by institutional investors and hedge funds.
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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