Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Receives Average Recommendation of “Hold” from Brokerages

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $41.50.

AOSL has been the topic of several recent analyst reports. Williams Trading set a $45.00 price objective on shares of Alpha and Omega Semiconductor in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Lake Street Capital began coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. B. Riley Financial decreased their price target on shares of Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, August 13th. Finally, Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th.

Insider Transactions at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total transaction of $231,494.44. Following the completion of the sale, the executive vice president directly owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Alpha and Omega Semiconductor by 5,436.2% in the 2nd quarter. California State Teachers Retirement System now owns 1,316,721 shares of the semiconductor company’s stock worth $62,320,000 after purchasing an additional 1,292,937 shares during the last quarter. State Street Corp lifted its position in shares of Alpha and Omega Semiconductor by 21.6% during the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after purchasing an additional 262,117 shares during the last quarter. Millennium Management LLC grew its stake in Alpha and Omega Semiconductor by 57.5% in the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after purchasing an additional 232,817 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after purchasing an additional 158,869 shares in the last quarter. Finally, UBS Group AG increased its holdings in Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after buying an additional 150,254 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL opened at $24.63 on Monday. The company has a market cap of $737.18 million, a P/E ratio of -17.47 and a beta of 2.60. The business has a fifty day simple moving average of $34.16 and a 200-day simple moving average of $32.96. Alpha and Omega Semiconductor has a 52 week low of $17.01 and a 52 week high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%.The firm had revenue of $170.37 million for the quarter, compared to the consensus estimate of $168.00 million. During the same period in the prior year, the business posted $0.02 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Alpha and Omega Semiconductor will post -1.7 earnings per share for the current fiscal year.

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.