Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Cut to $32.00 by Analysts at Benchmark

Alpha and Omega Semiconductor (NASDAQ:AOSL - Free Report) had its price target trimmed by Benchmark from $42.00 to $32.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the semiconductor company's stock.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd.

Alpha and Omega Semiconductor Trading Down 1.8%

Shares of NASDAQ AOSL traded down $0.44 during midday trading on Friday, hitting $24.35. The stock had a trading volume of 395,826 shares, compared to its average volume of 507,030. The firm has a market cap of $716.26 million, a P/E ratio of -30.44 and a beta of 2.02. Alpha and Omega Semiconductor has a fifty-two week low of $15.90 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. The company's 50-day simple moving average is $22.18 and its 200 day simple moving average is $31.84.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The business had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same quarter last year, the firm earned ($0.04) EPS. Alpha and Omega Semiconductor's quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts anticipate that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the completion of the transaction, the executive vice president now owns 130,951 shares of the company's stock, valued at approximately $3,107,467.23. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its position in Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 548 shares during the period. Sterling Capital Management LLC raised its position in Alpha and Omega Semiconductor by 820.7% during the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 673 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock worth $34,000 after buying an additional 291 shares during the period. CIBC Private Wealth Group LLC bought a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $39,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at about $38,000. Institutional investors own 78.97% of the company's stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.