Note that intrinsic angular momentum ("spin") \vec S is a vector: a quantity that has both magnitude and direction.
"spin 1/2" normally refers to the quantum number that's associated with the magnitude of \vec S. Most of my books call this quantum number s. Other books, and Fredrik and Mathematikawan, call it j.
S = \sqrt{s(s+1)} \hbar = \frac{\sqrt{3}}{2} \hbar
Be careful of notation here: Upper-case S is the magnitude of the vector \vec S. Lower-case s is the quantum number.
Where you're seeing "-1/2" it is surely referring to the quantum number that's associated with the component of \vec S along a particular direction. Usually we call it the z-direction, so this component is called S_z. Most of my books call this quantum number m_s. Other books, and Fredrik and Mathematikawan, call it m.
S_z = m_s \hbar
When s = 1/2, m_s can have the values -1/2 or +1/2, and S_z correspondingly can have the values - \hbar / 2 or + \hbar / 2.
When s = 1, m_s can have the values -1, 0 or +1. In this case, S = \sqrt{2} \hbar and S_z can have the values -\hbar, 0 or +\hbar.
When s = 3/2, m_s can have the values -3/2, -1/2, +1/2 or +3/2. I leave it to you to write the corresponding values of S and S_z.
When s = 2, m_s can have the values -2, -1, 0, +1 or +2.
A positive value for m_s means that the vector \vec S points more or less in the +z direction. A negative value indicates that \vec S points more or less in the -z direction.