Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Raised to $25.00

Key Points

• B. Riley Financial raised its price target to $25 from $19 but kept a "neutral" rating, implying roughly an 8.8% downside from the stock's midday price of $27.41.
• Alpha and Omega missed on EPS (reported -$0.16 vs. a -$0.08 estimate), posted revenue down 6.3% year-over-year, remains unprofitable with negative margins, and analysts forecast about -0.82 EPS for the year.
• Director Mike F. Chang purchased 33,727 shares at $19, increasing his stake and signaling insider confidence, while insiders own ~16.7% and institutional investors hold ~79% of the stock.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price target lifted by equities research analysts at B. Riley Financial from $19.00 to $25.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the semiconductor company's stock. B. Riley Financial's price target would suggest a potential downside of 8.78% from the company's current price.

Several other research firms have also commented on AOSL. Stifel Nicolaus decreased their price target on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, February 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Zacks Research raised shares of Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Finally, Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. One 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $24.00.

Alpha and Omega Semiconductor Trading Up 5.5%

Shares of NASDAQ AOSL traded up $1.43 during mid-day trading on Monday, reaching $27.41. The company had a trading volume of 96,289 shares, compared to its average volume of 319,178. The business's 50-day moving average is $21.93 and its 200-day moving average is $22.86. The stock has a market cap of $815.60 million, a price-to-earnings ratio of -7.89 and a beta of 1.94. Alpha and Omega Semiconductor has a 52 week low of $15.90 and a 52 week high of $33.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $160.67 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, Director Mike F. Chang bought 33,727 shares of the company's stock in a transaction dated Monday, March 9th. The stock was acquired at an average price of $19.00 per share, with a total value of $640,813.00. Following the completion of the acquisition, the director directly owned 4,369,574 shares of the company's stock, valued at $83,021,906. This represents a 0.78% increase in their ownership of the stock. The transaction 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 the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $21.92, for a total transaction of $52,783.36. Following the sale, the executive vice president directly owned 113,631 shares of the company's stock, valued at $2,490,791.52. The trade was a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently modified their holdings of AOSL. Hantz Financial Services Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 634.8% during the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company's stock worth $29,000 after buying an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $62,000. CWM LLC boosted its position in shares of Alpha and Omega Semiconductor by 20.0% during the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company's stock valued at $65,000 after acquiring an additional 386 shares during the last quarter. Strs Ohio acquired a new position in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $70,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $91,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

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.

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