Stifel Nicolaus Cuts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $21.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target reduced by investment analysts at Stifel Nicolaus from $23.00 to $21.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “sell” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 7.42% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. B. Riley upgraded shares of Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $28.00 to $34.00 in a report on Tuesday, January 2nd. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th.

Alpha and Omega Semiconductor Trading Down 2.3 %

Shares of AOSL stock opened at $19.55 on Thursday. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $35.40. 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 firm’s 50 day moving average is $22.16 and its 200 day moving average is $24.12. The stock has a market capitalization of $552.87 million, a P/E ratio of -31.03 and a beta of 2.39.

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

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,401 shares of the stock in a transaction that occurred 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 directly owns 132,038 shares in the company, valued at $2,714,701.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Yifan Liang sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total transaction of $466,200.00. Following the sale, the chief financial officer now directly owns 293,296 shares in the company, valued at approximately $6,836,729.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bing Xue sold 4,401 shares of the firm’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 sale, the executive vice president now owns 132,038 shares in the company, valued at $2,714,701.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,693 shares of company stock worth $1,689,413. Company insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently bought and sold shares of AOSL. Pineridge Advisors LLC purchased a new position in Alpha and Omega Semiconductor during the fourth quarter valued at $30,000. Captrust Financial Advisors purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth $45,000. US Bancorp DE purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth $45,000. Tower Research Capital LLC TRC grew its stake in shares of Alpha and Omega Semiconductor by 154.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,691 shares of the semiconductor company’s stock worth $50,000 after buying an additional 1,026 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 525.3% in the 1st quarter. Belpointe Asset Management LLC now owns 2,814 shares of the semiconductor company’s stock worth $76,000 after buying an additional 2,364 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.