Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Alpha and Omega Semiconductor from “strong sell” to “hold”, adding to a mixed analyst picture that currently works out to a consensus Hold rating with a $30.50 average price target.
• The company reported better-than-expected quarterly results, posting a smaller-than-expected loss of $0.28 per share versus estimates for a $0.34 loss, while revenue of $163.79 million also topped forecasts.
• Recent insider activity included share sales by the CEO and an EVP, while institutional investors remain heavily involved, owning about 78.97% of the stock.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also weighed in on AOSL. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a "buy" rating and a $50.00 target price for the company. Stifel Nicolaus decreased their target price on shares of 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Finally, B. Riley Financial boosted their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, April 13th. Two analysts have 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, the company currently has a consensus rating of "Hold" and a consensus price target of $30.50.

Alpha and Omega Semiconductor Stock Up 1.2%

Shares of NASDAQ AOSL opened at $37.90 on Friday. Alpha and Omega Semiconductor has a twelve month low of $17.01 and a twelve month high of $49.97. The firm has a market cap of $1.13 billion, a P/E ratio of -10.65 and a beta of 2.58. The company has a 50 day moving average of $27.56 and a 200 day moving average of $24.05.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. During the same period in the previous year, the business earned ($0.10) EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts expect that Alpha and Omega Semiconductor will post -1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, CEO Stephen Chunping Chang sold 14,884 shares of the company's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the transaction, the chief executive officer owned 635,901 shares of the company's stock, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 1,832 shares of the company's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $31.21, for a total transaction of $57,176.72. Following the completion of the transaction, the executive vice president directly owned 132,617 shares of the company's stock, valued at $4,138,976.57. This represents a 1.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 59,860 shares of company stock worth $1,913,960. 16.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AOSL. Royal Bank of Canada boosted its holdings in Alpha and Omega Semiconductor by 7.4% in the 1st quarter. Royal Bank of Canada now owns 11,939 shares of the semiconductor company's stock worth $297,000 after buying an additional 820 shares during the period. AQR Capital Management LLC bought a new position in Alpha and Omega Semiconductor in the 1st quarter worth $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Alpha and Omega Semiconductor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company's stock worth $352,000 after buying an additional 624 shares during the period. Strs Ohio bought a new position in Alpha and Omega Semiconductor in the 1st quarter worth $70,000. Finally, Creative Planning bought a new position in Alpha and Omega Semiconductor in the 2nd quarter worth $248,000. 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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