Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $21.00 Price Target at Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target cut by Stifel Nicolaus from $23.00 to $21.00 in a research report released on Thursday morning, Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

Other research analysts also recently issued reports about the stock. B. Riley upgraded shares of Alpha and Omega Semiconductor from a neutral rating to a buy rating and boosted their price objective for the company from $28.00 to $34.00 in a research report on Tuesday, January 2nd. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a sell rating to a hold rating in a research report on Wednesday, March 6th.

Alpha and Omega Semiconductor Stock Down 3.1 %

NASDAQ AOSL opened at $20.02 on Thursday. The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. Alpha and Omega Semiconductor has a 1-year low of $19.87 and a 1-year high of $35.40. The company has a 50 day moving average of $22.24 and a 200-day moving average of $24.19. The company has a market cap of $566.13 million, a price-to-earnings ratio of -31.78 and a beta of 2.39.

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

Insider Transactions at Alpha and Omega Semiconductor

In other news, Chairman Mike F. Chang sold 30,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $26.91, for a total value of $807,300.00. Following the sale, the chairman now owns 4,500,286 shares of the company’s stock, valued at $121,102,696.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Bing Xue sold 14,292 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $22.77, for a total transaction of $325,428.84. Following the completion of the sale, the executive vice president now directly owns 131,291 shares in the company, valued at approximately $2,989,496.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,693 shares of company stock worth $1,689,413. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors have recently bought and sold shares of the company. Algert Global LLC bought a new stake in Alpha and Omega Semiconductor during the third quarter valued at $975,000. The Manufacturers Life Insurance Company boosted its position in Alpha and Omega Semiconductor by 24.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock valued at $30,017,000 after acquiring an additional 198,291 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Alpha and Omega Semiconductor by 16.2% during the third quarter. First Eagle Investment Management LLC now owns 393,680 shares of the semiconductor company’s stock valued at $11,747,000 after acquiring an additional 54,927 shares during the last quarter. Boston Partners boosted its position in Alpha and Omega Semiconductor by 6.2% during the third quarter. Boston Partners now owns 37,801 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 2,220 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Alpha and Omega Semiconductor by 288.5% during the third quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock valued at $8,752,000 after purchasing an additional 217,800 shares during the period. 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.