Brokerages Set Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Target Price at $23.67

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

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

Insider Transactions at Alpha and Omega Semiconductor

In related news, Director Mike F. Chang acquired 33,727 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was bought at an average cost of $19.00 per share, with a total value of $640,813.00. Following the transaction, the director owned 4,369,574 shares of the company’s stock, valued at $83,021,906. The trade was a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Bing Xue sold 2,408 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $21.92, for a total value of $52,783.36. Following the completion of the transaction, the executive vice president owned 113,631 shares in the company, valued at $2,490,791.52. This trade represents a 2.08% 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 Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Alpha and Omega Semiconductor by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after buying an additional 33,959 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Alpha and Omega Semiconductor by 4.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock worth $32,263,000 after buying an additional 73,631 shares during the last quarter. State Street Corp raised its position in Alpha and Omega Semiconductor by 21.6% during the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after buying an additional 262,117 shares during the last quarter. Wellington Management Group LLP lifted its stake 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 acquiring an additional 113,077 shares during the period. Finally, Robeco Schweiz AG lifted its stake in shares of Alpha and Omega Semiconductor by 0.4% in the 3rd quarter. Robeco Schweiz AG now owns 785,264 shares of the semiconductor company’s stock worth $21,956,000 after acquiring an additional 2,761 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $22.71 on Friday. Alpha and Omega Semiconductor has a one year low of $15.90 and a one year high of $33.01. The stock has a market capitalization of $675.85 million, a P/E ratio of -6.54 and a beta of 1.94. The business’s 50-day simple moving average is $21.72 and its 200-day simple moving average is $23.05.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results 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 during the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. On average, equities research analysts forecast that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

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.