Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $21.00 Price Target at Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target reduced by Stifel Nicolaus from $23.00 to $21.00 in a research report released on Thursday, Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

Other analysts have also issued reports about the stock. B. Riley raised shares of Alpha and Omega Semiconductor from a neutral rating to a buy rating and boosted their target price for the company from $28.00 to $34.00 in a research note on Tuesday, January 2nd. StockNews.com upgraded Alpha and Omega Semiconductor from a sell rating to a hold rating in a report on Wednesday, March 6th.

Alpha and Omega Semiconductor Stock Down 3.1 %

NASDAQ AOSL opened at $20.02 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.52 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $22.24 and a two-hundred day moving average of $24.19. The firm has a market capitalization of $566.13 million, a price-to-earnings ratio of -31.78 and a beta of 2.39. Alpha and Omega Semiconductor has a 52 week low of $19.87 and a 52 week high of $35.40.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $165.29 million during the quarter, compared to analyst estimates of $165.00 million. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. On average, analysts predict that Alpha and Omega Semiconductor will post -0.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 4,401 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $20.56, for a total transaction of $90,484.56. Following the sale, the executive vice president now owns 132,038 shares in the company, valued at $2,714,701.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Bing Xue sold 4,401 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $20.56, for a total transaction of $90,484.56. Following the sale, the executive vice president now owns 132,038 shares in the company, valued at $2,714,701.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $26.91, for a total value of $807,300.00. Following the sale, the chairman now owns 4,500,286 shares in the company, valued at approximately $121,102,696.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,693 shares of company stock worth $1,689,413. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the 4th quarter worth approximately $30,000. Captrust Financial Advisors acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter worth approximately $45,000. US Bancorp DE acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter worth approximately $45,000. Tower Research Capital LLC TRC grew its stake in shares of Alpha and Omega Semiconductor by 154.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,691 shares of the semiconductor company’s stock worth $50,000 after purchasing an additional 1,026 shares during the period. Finally, Belpointe Asset Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 525.3% during the 1st quarter. Belpointe Asset Management LLC now owns 2,814 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 2,364 shares during the period. Hedge funds and other 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.