Alpha and Omega Semiconductor (NASDAQ:AOSL) Hits New 12-Month Low After Analyst Downgrade

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) reached a new 52-week low during mid-day trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $23.00 to $21.00. Stifel Nicolaus currently has a sell rating on the stock. Alpha and Omega Semiconductor traded as low as $20.00 and last traded at $20.05, with a volume of 64376 shares changing hands. The stock had previously closed at $20.66.

Other research analysts also recently issued reports about the company. B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $28.00 to $34.00 in a research report on Tuesday, January 2nd. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th.

Insider Activity

In related news, EVP Bing Xue sold 4,401 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $20.56, for a total transaction of $90,484.56. Following the completion of the sale, the executive vice president now directly owns 132,038 shares of the company’s stock, valued at approximately $2,714,701.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,401 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $20.56, for a total value of $90,484.56. Following the transaction, the executive vice president now owns 132,038 shares in the company, valued at approximately $2,714,701.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the completion of the transaction, the chairman now owns 4,500,286 shares in the company, valued at approximately $121,102,696.26. The disclosure for this sale can be found here. Insiders sold 68,693 shares of company stock valued at $1,689,413 in the last ninety days. Company insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently modified their holdings of AOSL. Price T Rowe Associates Inc. MD grew its position in shares of Alpha and Omega Semiconductor by 2.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,137 shares of the semiconductor company’s stock valued at $405,000 after buying an additional 311 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Alpha and Omega Semiconductor by 5.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 7,226 shares of the semiconductor company’s stock worth $237,000 after purchasing an additional 388 shares during the last quarter. Royal Bank of Canada grew its position in Alpha and Omega Semiconductor by 5.1% in the 3rd quarter. Royal Bank of Canada now owns 8,122 shares of the semiconductor company’s stock worth $250,000 after purchasing an additional 393 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Alpha and Omega Semiconductor by 2.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 22,635 shares of the semiconductor company’s stock worth $590,000 after purchasing an additional 438 shares during the last quarter. Finally, Credit Suisse AG grew its position in Alpha and Omega Semiconductor by 1.5% in the 1st quarter. Credit Suisse AG now owns 31,817 shares of the semiconductor company’s stock worth $857,000 after purchasing an additional 478 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Trading Down 3.1 %

The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The stock has a market cap of $566.13 million, a P/E ratio of -31.78 and a beta of 2.39. The firm’s 50-day simple moving average is $22.24 and its 200 day simple moving average is $24.19.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $165.29 million during the quarter, compared to analysts’ expectations of $165.00 million. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.5 earnings per share for the current year.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.