Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded at Zacks Research

Zacks Research upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, January 21st. Finally, 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 research note on Friday, February 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.67.

Alpha and Omega Semiconductor Trading Up 5.7%

Shares of NASDAQ AOSL opened at $24.38 on Monday. Alpha and Omega Semiconductor has a 12 month low of $15.90 and a 12 month high of $33.01. The stock has a 50 day moving average of $21.80 and a 200-day moving average of $22.98. The company has a market capitalization of $725.55 million, a P/E ratio of -7.03 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business 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 business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, Director Mike F. Chang acquired 33,727 shares of the company’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $19.00 per share, with a total value of $640,813.00. Following the acquisition, the director directly owned 4,369,574 shares of the company’s stock, valued at approximately $83,021,906. The trade was a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bing Xue sold 2,408 shares of Alpha and Omega Semiconductor stock in a transaction 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 directly owned 113,631 shares of the company’s stock, valued at $2,490,791.52. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 16.70% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 33,959 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Alpha and Omega Semiconductor by 4.7% in the 4th 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 holdings in Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 262,117 shares in the last quarter. Wellington Management Group LLP raised its holdings in 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 valued at $24,184,000 after acquiring an additional 113,077 shares in the last quarter. Finally, Robeco Schweiz AG raised its holdings in 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 valued at $21,956,000 after acquiring an additional 2,761 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

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.