Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a research note issued to investors on Friday.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a report on Thursday, July 18th. Benchmark upped their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, B. Riley lifted their price objective on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th.

Alpha and Omega Semiconductor Price Performance

NASDAQ AOSL opened at $36.01 on Friday. The firm’s fifty day simple moving average is $36.49 and its two-hundred day simple moving average is $33.36. The firm has a market capitalization of $1.03 billion, a P/E ratio of -105.91 and a beta of 2.41. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The firm had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same quarter last year, the firm earned $0.08 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that Alpha and Omega Semiconductor will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,560 shares of company stock valued at $562,003 over the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AOSL. Eastern Bank purchased a new stake in Alpha and Omega Semiconductor in the 3rd quarter worth approximately $174,000. Wedge Capital Management L L P NC lifted its stake in shares of Alpha and Omega Semiconductor by 2.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock valued at $1,822,000 after purchasing an additional 1,348 shares during the period. Point72 DIFC Ltd purchased a new stake in Alpha and Omega Semiconductor during the second quarter worth $47,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alpha and Omega Semiconductor during the second quarter valued at $62,000. Finally, Point72 Asset Management L.P. purchased a new position in Alpha and Omega Semiconductor in the second quarter valued at $8,389,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

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.