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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price hit a new 52-week low during mid-day 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 changing hands. The stock had previously closed at $20.66.

A number of other analysts have also commented on AOSL. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. B. Riley upgraded 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 note on Tuesday, January 2nd.

Insider Activity

In related news, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the completion of the transaction, the chairman now directly owns 4,500,286 shares in the company, valued at $121,102,696.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the completion of the transaction, the chairman now directly owns 4,500,286 shares in the company, valued at $121,102,696.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Bing Xue sold 4,401 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $20.56, for a total value of $90,484.56. Following the completion of the transaction, the executive vice president now owns 132,038 shares of the company’s stock, valued at $2,714,701.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,693 shares of company stock worth $1,689,413. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Overbrook Management Corp bought a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $260,000. Vanguard Group Inc. raised its position in Alpha and Omega Semiconductor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,085,173 shares of the semiconductor company’s stock valued at $54,340,000 after purchasing an additional 50,142 shares during the last quarter. Wellington Management Group LLP raised its position in Alpha and Omega Semiconductor by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Alpha and Omega Semiconductor by 1.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 58,598 shares of the semiconductor company’s stock valued at $1,527,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new position in Alpha and Omega Semiconductor during the 4th quarter valued at approximately $30,000. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

The stock has a market cap of $566.13 million, a P/E ratio of -31.78 and a beta of 2.39. The firm has a 50-day moving average price of $22.24 and a 200-day moving average price of $24.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.33 and a current ratio of 2.52.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $165.29 million for the quarter, compared to the consensus estimate of $165.00 million. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.5 earnings per share 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.