Alpha and Omega Semiconductor (NASDAQ:AOSL) Hits New 12-Month Low Following Analyst Downgrade

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price reached a new 52-week low during trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $23.00 to $21.00. Stifel Nicolaus currently has a sell rating on the stock. Alpha and Omega Semiconductor traded as low as $20.00 and last traded at $20.05, with a volume of 64376 shares trading hands. The stock had previously closed at $20.66.

Other research analysts have also recently issued reports about the company. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. B. Riley raised 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 report on Tuesday, January 2nd.

Insiders Place Their Bets

In related news, EVP Bing Xue sold 4,401 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $20.56, for a total transaction of $90,484.56. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website. In related news, EVP Bing Xue sold 4,401 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $20.56, for a total transaction of $90,484.56. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website. Also, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the transaction, the chairman now owns 4,500,286 shares of the company’s stock, valued at approximately $121,102,696.26. The disclosure for this sale can be found here. Insiders sold a total of 68,693 shares of company stock worth $1,689,413 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the stock. Pineridge Advisors LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at about $30,000. Captrust Financial Advisors purchased a new position in Alpha and Omega Semiconductor in the first quarter valued at about $45,000. US Bancorp DE acquired a new stake in shares of Alpha and Omega Semiconductor in the first quarter valued at approximately $45,000. Tower Research Capital LLC TRC grew its position in shares of Alpha and Omega Semiconductor by 154.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,691 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 1,026 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its position in shares of Alpha and Omega Semiconductor by 525.3% in the first quarter. Belpointe Asset Management LLC now owns 2,814 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 2,364 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

The stock’s 50-day moving average is $22.16 and its 200-day moving average is $24.12. The stock has a market cap of $552.87 million, a price-to-earnings ratio of -31.03 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.52 and a quick ratio of 1.33.

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

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.