Alpha and Omega Semiconductor (NASDAQ:AOSL) Rating Lowered to Sell at Wall Street Zen

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities research analysts also recently issued reports on the stock. B. Riley Financial boosted their price objective 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. Stifel Nicolaus raised their target price 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 initiated coverage on Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Finally, Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Three 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. According to data from MarketBeat.com, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average price target of $40.00.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $30.85 on Friday. The company’s 50 day moving average is $41.46 and its 200 day moving average is $31.57. The company has a market cap of $923.34 million, a price-to-earnings ratio of -8.67 and a beta of 2.55. Alpha and Omega Semiconductor has a 12-month low of $17.01 and a 12-month high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $160.07 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The firm’s revenue was down .5% on a year-over-year basis. As a group, analysts predict that Alpha and Omega Semiconductor will post -1.5 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor 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 transaction, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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

A number of institutional investors have recently bought and sold shares of the business. Weber Capital Management LLC ADV purchased a new position in shares of Alpha and Omega Semiconductor in the fourth quarter valued at about $10,842,000. JPMorgan Chase & Co. grew its position in shares of Alpha and Omega Semiconductor by 72.4% during the third quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company’s stock worth $4,441,000 after purchasing an additional 66,723 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter worth about $563,000. Royce & Associates LP raised its stake in Alpha and Omega Semiconductor by 10.9% during the 4th quarter. Royce & Associates LP now owns 474,015 shares of the semiconductor company’s stock valued at $9,390,000 after purchasing an additional 46,662 shares during the period. Finally, UBS Group AG raised its stake in Alpha and Omega Semiconductor by 224.7% during the 4th quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after purchasing an additional 150,254 shares during the period. Hedge funds and other institutional investors 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.