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

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on AOSL. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Stifel Nicolaus decreased 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. Benchmark lowered their target price on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. B. Riley Financial reiterated a “neutral” rating and issued a $24.00 target price (down from $40.00) on shares of Alpha and Omega Semiconductor in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $23.67.

Alpha and Omega Semiconductor Stock Up 4.3%

Shares of NASDAQ AOSL opened at $20.96 on Tuesday. The firm has a market cap of $623.77 million, a PE ratio of -6.04 and a beta of 2.01. The company’s fifty day simple moving average is $21.41 and its 200 day simple moving average is $24.59. Alpha and Omega Semiconductor has a 12-month low of $15.90 and a 12-month high of $37.37.

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

Insider Activity

In related 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 approximately $2,628,863.28. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake 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 worth $297,000 after acquiring an additional 820 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Alpha and Omega Semiconductor during the first quarter valued at about $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $352,000 after purchasing an additional 624 shares during the last quarter. Strs Ohio bought a new stake in Alpha and Omega Semiconductor in the 1st quarter worth about $70,000. Finally, CWM LLC grew its position in Alpha and Omega Semiconductor by 403.4% in the 2nd quarter. CWM LLC now owns 1,928 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 1,545 shares in the last quarter. 78.97% of the stock is currently owned by 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.