Alpha and Omega Semiconductor (NASDAQ:AOSL) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) in a research note published on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $50.00 price objective on the semiconductor company’s stock.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Finally, B. Riley Financial raised their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $30.50.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL traded down $0.44 during trading on Friday, hitting $43.00. The stock had a trading volume of 1,717,029 shares, compared to its average volume of 939,964. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -12.39 and a beta of 2.58. Alpha and Omega Semiconductor has a one year low of $17.01 and a one year high of $45.97. The stock has a 50 day simple moving average of $26.28 and a 200 day simple moving average of $23.87.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The firm had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. On average, sell-side analysts predict that Alpha and Omega Semiconductor will post -1.65 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 2,408 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $21.92, for a total transaction of $52,783.36. Following the transaction, the executive vice president directly owned 113,631 shares of the company’s stock, valued at approximately $2,490,791.52. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the transaction, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 59,860 shares of company stock valued at $1,913,960. 16.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently bought and sold shares of the business. Weber Capital Management LLC ADV purchased a new position in Alpha and Omega Semiconductor during the fourth quarter valued at approximately $10,842,000. SG Americas Securities LLC purchased a new position in Alpha and Omega Semiconductor during the third quarter valued at approximately $3,559,000. Acuitas Investments LLC increased its holdings in Alpha and Omega Semiconductor by 38.6% during the third quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock valued at $6,736,000 after buying an additional 67,100 shares during the period. JPMorgan Chase & Co. increased its holdings in Alpha and Omega Semiconductor by 72.4% during the third quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company’s stock valued at $4,441,000 after buying an additional 66,723 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in Alpha and Omega Semiconductor during the fourth quarter valued at approximately $563,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.