Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded to Hold at Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) was upgraded by analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a report issued on Tuesday, MarketBeat.com reports. The firm presently has a $25.00 price target on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 6.68% from the stock’s current price.

Several other brokerages have also recently issued reports on AOSL. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Sunday, May 11th. B. Riley boosted their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. Finally, Benchmark lowered their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 9th.

Alpha and Omega Semiconductor Stock Down 3.1%

AOSL stock opened at $26.79 on Tuesday. The stock has a market capitalization of $788.03 million, a P/E ratio of -34.35 and a beta of 2.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.57. Alpha and Omega Semiconductor has a one year low of $15.90 and a one year high of $53.29. The company has a 50 day moving average price of $23.99 and a two-hundred day moving average price of $27.69.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.33% and a negative return on equity of 0.28%. The company had revenue of $164.60 million during the quarter, compared to analysts’ expectations of $157.23 million. During the same period in the previous year, the company earned ($0.04) EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts expect that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $23.73, for a total value of $43,781.85. Following the transaction, the executive vice president owned 130,951 shares in the company, valued at $3,107,467.23. The trade was a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in Alpha and Omega Semiconductor by 820.7% in the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company’s stock worth $28,000 after buying an additional 673 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 47.2% in 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 in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $39,000. GAMMA Investing LLC raised its stake in shares of Alpha and Omega Semiconductor by 94.7% in the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 594 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Alpha and Omega Semiconductor by 953.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 1,630 shares in the last quarter. Institutional investors and hedge funds 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.