Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Zacks Research upgraded Alpha and Omega Semiconductor from a "strong sell" to a "hold," while the street consensus remains a Hold with a $23.67 average price target amid mixed analyst views.
• The company reported a quarterly EPS miss (‑$0.16 vs. ‑$0.08 est.), a negative net margin and revenues down 6.3% year‑over‑year; the stock trades around $23 with a market cap of about $686.6M.
• Insider activity shows director Mike F. Chang bought 33,727 shares at $19 (increasing his stake), and corporate insiders collectively own about 16.7% of the company.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on AOSL. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $23.67.

Alpha and Omega Semiconductor Stock Down 0.5%

Alpha and Omega Semiconductor stock opened at $23.07 on Monday. Alpha and Omega Semiconductor has a 12-month low of $15.90 and a 12-month high of $33.01. The firm's fifty day moving average is $21.76 and its 200 day moving average is $22.97. The company has a market capitalization of $686.56 million, a PE ratio of -6.65 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released 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). Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The company had revenue of $162.26 million for the quarter, compared to analyst estimates of $160.67 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The firm's revenue was down 6.3% on a year-over-year basis. Sell-side analysts expect 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 other Alpha and Omega Semiconductor news, Director Mike F. Chang acquired 33,727 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $640,813.00. Following the completion of the acquisition, the director owned 4,369,574 shares in the company, valued at approximately $83,021,906. This represents a 0.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed 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 transaction, the executive vice president owned 113,631 shares in the company, valued at approximately $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. Corporate insiders own 16.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 895 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at about $62,000. CWM LLC raised its holdings in shares of Alpha and Omega Semiconductor by 20.0% in the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company's stock valued at $65,000 after purchasing an additional 386 shares during the last quarter. Strs Ohio purchased a new stake in shares of Alpha and Omega Semiconductor in the first quarter valued at about $70,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at about $91,000. Institutional investors and hedge funds 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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