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

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

Several other equities research analysts also recently weighed in on AOSL. Benchmark cut their price objective on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Stifel Nicolaus dropped 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 report on Friday, February 6th. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Finally, B. Riley Financial reissued a “neutral” rating and issued a $24.00 price target (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a research note on Thursday, November 6th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $23.67.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ AOSL opened at $20.96 on Tuesday. Alpha and Omega Semiconductor has a fifty-two week low of $15.90 and a fifty-two week high of $37.37. The stock has a market capitalization of $623.77 million, a PE ratio of -6.04 and a beta of 2.01. The business has a fifty day moving average price of $21.41 and a two-hundred day moving average price of $24.59.

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

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $20.56, for a total value of $37,933.20. Following the completion of the sale, the executive vice president owned 127,863 shares of the company’s stock, valued at approximately $2,628,863.28. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its stake in Alpha and Omega Semiconductor by 106.7% during the 4th quarter. Empowered Funds LLC now owns 109,541 shares of the semiconductor company’s stock valued at $2,170,000 after acquiring an additional 56,558 shares in the last quarter. Deutsche Bank AG grew its stake in Alpha and Omega Semiconductor by 1.8% in the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock valued at $932,000 after purchasing an additional 844 shares during the period. Franklin Resources Inc. raised its stake in shares of Alpha and Omega Semiconductor by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 1,053 shares during the period. JPMorgan Chase & Co. increased its holdings in Alpha and Omega Semiconductor by 49.6% during the fourth quarter. JPMorgan Chase & Co. now owns 237,563 shares of the semiconductor company’s stock worth $4,706,000 after buying an additional 78,719 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in Alpha and Omega Semiconductor by 189.9% in the fourth quarter. WINTON GROUP Ltd now owns 137,265 shares of the semiconductor company’s stock valued at $2,719,000 after acquiring an additional 89,914 shares during the last quarter. 78.97% of the stock is owned by institutional investors.

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.