Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Rating Upgraded by Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) was upgraded by research analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $25.00 target price on the semiconductor company’s stock, up from their previous target price of $18.00. Stifel Nicolaus’ price objective suggests a potential downside of 9.45% from the stock’s current price.

Several other research firms have also commented on AOSL. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Sunday, May 11th. B. Riley boosted their price target on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Benchmark lowered their price target on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, May 9th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock opened at $27.61 on Tuesday. The stock has a fifty day moving average price of $24.28 and a 200 day moving average price of $27.69. The stock has a market cap of $812.29 million, a PE ratio of -35.40 and a beta of 2.11. Alpha and Omega Semiconductor has a 1 year low of $15.90 and a 1 year high of $53.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.57.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.28% and a negative net margin of 3.33%. The firm had revenue of $164.60 million during the quarter, compared to analysts’ expectations of $157.23 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. Alpha and Omega Semiconductor’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,845 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total value of $43,781.85. Following the transaction, the executive vice president owned 130,951 shares in the company, valued at approximately $3,107,467.23. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AOSL. State of Alaska Department of Revenue raised its position in shares of Alpha and Omega Semiconductor by 8.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,530 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 1,165 shares during the period. GAMMA Investing LLC increased its position in shares of Alpha and Omega Semiconductor by 177.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,385 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 2,164 shares during the period. Farther Finance Advisors LLC increased its position in shares of Alpha and Omega Semiconductor by 953.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 1,630 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $682,000. Finally, Voya Investment Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 760.5% during the 1st quarter. Voya Investment Management LLC now owns 62,448 shares of the semiconductor company’s stock worth $1,552,000 after acquiring an additional 55,191 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.