Lake Street Capital Initiates Coverage on Alpha and Omega Semiconductor (NASDAQ:AOSL)

Equities research analysts at Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $58.00 price target on the semiconductor company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 39.05% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 target price on the stock. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Finally, Stifel Nicolaus boosted their price objective on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ AOSL opened at $41.71 on Thursday. The firm’s fifty day moving average is $42.33 and its two-hundred day moving average is $28.99. The company has a market cap of $1.25 billion, a P/E ratio of -11.72 and a beta of 2.55. Alpha and Omega Semiconductor has a 52-week low of $17.01 and a 52-week high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. During the same quarter last year, the business posted ($0.10) EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Alpha and Omega Semiconductor will post -1.5 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the transaction, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. The trade was a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 62,368 shares of company stock valued at $2,092,671. 16.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Alpha and Omega Semiconductor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Alpha and Omega Semiconductor by 9.2% in the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 755 shares during the last quarter. Deutsche Bank AG raised its position in Alpha and Omega Semiconductor by 1.8% during the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock worth $932,000 after buying an additional 844 shares during the last quarter. Franklin Resources Inc. raised its holdings in Alpha and Omega Semiconductor by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock worth $402,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after buying an additional 1,178 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

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.