Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $27.00 Price Target at Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target cut by Stifel Nicolaus from $34.00 to $27.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on AOSL. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday. Finally, B. Riley dropped their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ AOSL opened at $27.34 on Wednesday. The business’s 50-day simple moving average is $35.72 and its 200-day simple moving average is $34.01. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The firm has a market cap of $793.13 million, a price-to-earnings ratio of -70.10 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the business earned $0.30 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts expect that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares in the company, valued at $1,265,304.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,560 shares of company stock worth $562,003. Company insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new position in shares of Alpha and Omega Semiconductor during the 1st quarter worth approximately $616,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after acquiring an additional 100,591 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 18.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after purchasing an additional 71,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after purchasing an additional 40,183 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 123,093 shares in the last quarter. 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.