Alpha and Omega Semiconductor (NASDAQ:AOSL) Rating Increased to Hold at StockNews.com

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

A number of other research analysts have also weighed in on AOSL. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th. B. Riley reduced their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $28.09 on Wednesday. The business has a fifty day simple moving average of $34.32 and a two-hundred day simple moving average of $34.23. The firm has a market capitalization of $815.48 million, a P/E ratio of -41.93 and a beta of 2.42. 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 has a 12 month low of $19.38 and a 12 month high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (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 business had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same period last year, the business earned $0.30 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the firm’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 value of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction 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 sale, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. This represents a 9.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of AOSL. BNP Paribas Financial Markets lifted its holdings in Alpha and Omega Semiconductor by 7.6% in the first quarter. BNP Paribas Financial Markets now owns 32,965 shares of the semiconductor company’s stock valued at $727,000 after acquiring an additional 2,336 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Alpha and Omega Semiconductor by 3.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 613 shares during the period. Sei Investments Co. boosted its holdings in shares of Alpha and Omega Semiconductor by 51.6% in the first quarter. Sei Investments Co. now owns 108,301 shares of the semiconductor company’s stock worth $2,387,000 after buying an additional 36,853 shares during the last quarter. First Eagle Investment Management LLC grew its position in Alpha and Omega Semiconductor by 18.9% during the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after buying an additional 71,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Alpha and Omega Semiconductor by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after buying an additional 40,183 shares during the last quarter. 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.