Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Rating Lowered by StockNews.com

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Several other equities research analysts also recently issued reports on AOSL. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. 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, November 5th. Finally, Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Up 12.5 %

Shares of AOSL opened at $46.55 on Monday. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $47.45. The firm has a market capitalization of $1.35 billion, a P/E ratio of -69.48 and a beta of 2.48. The firm’s 50-day moving average is $35.04 and its two-hundred day moving average is $35.44. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up .7% on a year-over-year basis. On average, research analysts predict that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in Alpha and Omega Semiconductor during the second quarter valued at approximately $36,000. Truvestments Capital LLC acquired a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at $45,000. Point72 DIFC Ltd bought a new position in Alpha and Omega Semiconductor in the second quarter valued at approximately $47,000. Hollencrest Capital Management acquired a new position in Alpha and Omega Semiconductor during the third quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alpha and Omega Semiconductor during the second quarter worth $62,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.