Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Cut to $27.00 by Analysts 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 report sent to investors on Wednesday morning, Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

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

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $27.34 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.58 and a quick ratio of 1.31. The firm has a 50 day simple moving average of $35.72 and a 200 day simple moving average of $34.01. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The firm has a market cap of $793.13 million, a P/E ratio of -70.10 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its 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 firm had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 transaction, the director now owns 33,245 shares of the company’s stock, valued at $1,265,304.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alpha and Omega Semiconductor 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 value of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the sale, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,560 shares of company stock valued at $562,003 in the last ninety days. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of large investors have recently bought and sold shares of AOSL. Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $36,000. Point72 DIFC Ltd acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter worth $47,000. Hollencrest Capital Management acquired a new position in Alpha and Omega Semiconductor in the 3rd quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $62,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 1,750 shares during the period. 78.97% of the stock is owned by institutional investors.

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.