Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Rating Upgraded by Zacks Research

Alpha and Omega Semiconductor (NASDAQ:AOSL) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

AOSL has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Stifel Nicolaus reduced their target price 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. Finally, Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average target price of $23.67.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock traded up $1.21 during mid-day trading on Monday, reaching $24.28. 52,985 shares of the company were exchanged, compared to its average volume of 323,190. The company has a fifty day simple moving average of $21.76 and a 200-day simple moving average of $22.97. Alpha and Omega Semiconductor has a 12 month low of $15.90 and a 12 month high of $33.01. The firm has a market cap of $722.57 million, a PE ratio of -7.00 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $162.26 million for the quarter, compared to the consensus estimate of $160.67 million. During the same quarter last year, the business earned $0.09 EPS. Alpha and Omega Semiconductor’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mike F. Chang acquired 33,727 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director directly owned 4,369,574 shares in the company, valued at $83,021,906. The trade was a 0.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bing Xue sold 2,408 shares of the firm’s 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 sale, the executive vice president directly owned 113,631 shares in the company, valued at approximately $2,490,791.52. This trade represents a 2.08% decrease in their position. The SEC filing for this sale provides additional information. 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 AOSL. Royal Bank of Canada boosted its holdings in shares of Alpha and Omega Semiconductor by 7.4% during the 1st quarter. Royal Bank of Canada now owns 11,939 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 820 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after acquiring an additional 624 shares in the last quarter. Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at $70,000. Finally, Creative Planning acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $248,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.