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

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

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus increased their price objective on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective for the company. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Lake Street Capital started 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. Finally, B. Riley Financial lifted their price target on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average target price of $40.00.

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $30.82 on Friday. Alpha and Omega Semiconductor has a 1-year low of $17.01 and a 1-year high of $54.34. The business has a 50-day moving average price of $41.30 and a 200 day moving average price of $31.63. The company has a market capitalization of $922.44 million, a P/E ratio of -8.66 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $163.79 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same period in the prior year, the business earned ($0.10) EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Alpha and Omega Semiconductor will post -1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the transaction, the executive vice president owned 123,660 shares of the company’s stock, valued at $5,823,149.40. The trade was a 3.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter worth $62,000. Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter worth $70,000. iSAM Funds UK Ltd purchased a new position in Alpha and Omega Semiconductor during the 3rd quarter worth $91,000. Tower Research Capital LLC TRC grew its stake in Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after buying an additional 4,222 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Alpha and Omega Semiconductor by 79.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 3,519 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.