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 research report released on Tuesday.

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

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $39.78 on Tuesday. The firm has a market cap of $1.15 billion, a P/E ratio of -59.37 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $53.29. The stock has a 50-day simple moving average of $37.26 and a 200-day simple moving average of $37.03.

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

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 31,004 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the transaction, the chief financial officer now owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This trade represents a 10.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, October 24th. The stock was 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 owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,065 shares of company stock valued at $2,534,690 in the last ninety days. Corporate insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its holdings in shares of Alpha and Omega Semiconductor by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 400 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Alpha and Omega Semiconductor by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock valued at $6,362,000 after buying an additional 7,312 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 14.6% during the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after acquiring an additional 43,031 shares during the period. nVerses Capital LLC bought a new position in shares of Alpha and Omega Semiconductor during the second quarter worth about $116,000. Finally, Versor Investments LP bought a new position in shares of Alpha and Omega Semiconductor during the second quarter worth about $266,000. Institutional investors own 78.97% of the company’s stock.

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.