Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other analysts have also commented on AOSL. B. Riley Financial reissued a “neutral” rating and issued a $24.00 price objective (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a research report on Thursday, November 6th. Benchmark dropped their price objective on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Stifel Nicolaus reduced their price target on 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Alpha and Omega Semiconductor has an average rating of “Reduce” and a consensus price target of $23.67.

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock opened at $20.67 on Tuesday. The firm has a market cap of $615.14 million, a price-to-earnings ratio of -5.96 and a beta of 2.01. The stock’s 50-day moving average is $21.39 and its 200-day moving average is $24.57. Alpha and Omega Semiconductor has a one year low of $15.90 and a one year high of $37.37.

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

Insider Activity

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

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the 4th quarter worth $208,000. Swiss National Bank lifted its position in Alpha and Omega Semiconductor by 2.6% during the fourth quarter. Swiss National Bank now owns 50,400 shares of the semiconductor company’s stock worth $998,000 after purchasing an additional 1,300 shares during the period. Empowered Funds LLC grew its stake in Alpha and Omega Semiconductor by 106.7% during the fourth quarter. Empowered Funds LLC now owns 109,541 shares of the semiconductor company’s stock worth $2,170,000 after buying an additional 56,558 shares in the last quarter. Deutsche Bank AG increased its holdings 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 buying an additional 844 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Alpha and Omega Semiconductor by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 1,053 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

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.