Analysts Set Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) PT at $23.67

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) have earned an average recommendation of “Reduce” from the five ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $23.6667.

A number of brokerages have weighed in on AOSL. Zacks Research downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th.

Insiders Place Their Bets

In related news, Director Mike F. Chang acquired 33,727 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $19.00 per share, with a total value of $640,813.00. Following the transaction, the director directly owned 4,369,574 shares of the company’s stock, valued at $83,021,906. This trade represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bing Xue sold 1,845 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $20.56, for a total value of $37,933.20. Following the completion of the sale, the executive vice president owned 127,863 shares of the company’s stock, valued at approximately $2,628,863.28. This represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Alpha and Omega Semiconductor by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock worth $68,613,000 after acquiring an additional 33,959 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Alpha and Omega Semiconductor by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after acquiring an additional 73,631 shares in the last quarter. State Street Corp raised its position in shares of Alpha and Omega Semiconductor by 21.6% during the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after purchasing an additional 262,117 shares during the period. Boston Partners raised its position in shares of Alpha and Omega Semiconductor by 86.4% during the second quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock worth $28,467,000 after purchasing an additional 514,240 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Alpha and Omega Semiconductor by 15.0% in the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after purchasing an additional 113,077 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Trading Up 7.4%

Shares of AOSL opened at $21.60 on Monday. The firm’s fifty day simple moving average is $21.75 and its two-hundred day simple moving average is $23.89. Alpha and Omega Semiconductor has a 12 month low of $15.90 and a 12 month high of $33.01. The stock has a market capitalization of $642.82 million, a P/E ratio of -6.22 and a beta of 1.99.

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 for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The business had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. During the same period last year, the business posted $0.09 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. As a group, research analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

About Alpha and Omega Semiconductor

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.