Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to “Strong Sell” at Wall Street Zen

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

AOSL has been the subject of a number of other reports. Benchmark lowered their target price on shares of Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $24.00 price target (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.67.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL opened at $20.98 on Friday. The firm has a market capitalization of $624.36 million, a PE ratio of -6.05 and a beta of 2.01. The business has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $24.67. Alpha and Omega Semiconductor has a 1 year low of $15.90 and a 1 year high of $42.00.

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

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 127,863 shares in the company, valued at $2,628,863.28. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its stake in Alpha and Omega Semiconductor by 137.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 586 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 634.8% in 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. PNC Financial Services Group Inc. grew its position in shares of Alpha and Omega Semiconductor by 49.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock worth $39,000 after buying an additional 504 shares during the last quarter. CWM LLC raised its stake in shares of Alpha and Omega Semiconductor by 403.4% during the 2nd quarter. CWM LLC now owns 1,928 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Alpha and Omega Semiconductor during the third quarter valued at approximately $62,000. 78.97% of the stock is currently 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.