Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Receives $30.50 Average Target Price from Analysts

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.50.

A number of research firms have weighed in on AOSL. Wall Street Zen raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. B. Riley Financial lifted their price target on 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. Finally, Needham & Company LLC assumed coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective on the stock.

Alpha and Omega Semiconductor Trading Up 2.0%

Alpha and Omega Semiconductor stock opened at $48.86 on Friday. Alpha and Omega Semiconductor has a twelve month low of $17.01 and a twelve month high of $51.14. The stock has a 50 day moving average of $33.15 and a two-hundred day moving average of $25.29. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -13.72 and a beta of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted 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 return on equity of 4.30% and a negative net margin of 15.51%.The company had revenue of $163.79 million during the quarter, compared to analysts’ expectations of $160.07 million. During the same period last year, the firm earned ($0.10) EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Alpha and Omega Semiconductor will post -1.5 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,832 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $31.21, for a total value of $57,176.72. Following the completion of the sale, the executive vice president owned 132,617 shares in the company, valued at $4,138,976.57. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the sale, the chief executive officer directly owned 635,901 shares in the company, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,860 shares of company stock valued at $1,913,960 over the last 90 days. Company insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock worth $68,613,000 after acquiring an additional 33,959 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Alpha and Omega Semiconductor by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after purchasing an additional 73,631 shares in the last quarter. State Street Corp increased its stake in Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 262,117 shares in the last quarter. Wellington Management Group LLP raised its holdings in Alpha and Omega Semiconductor by 15.0% during the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after purchasing an additional 113,077 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Alpha and Omega Semiconductor by 57.5% during the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after purchasing an additional 232,817 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.