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

Alpha and Omega Semiconductor (NASDAQ:AOSL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

AOSL has been the subject of several other reports. Stifel Nicolaus dropped their target price on shares of 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 dropped their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark lifted their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $34.74 on Thursday. The firm has a 50 day moving average of $39.81 and a 200-day moving average of $37.31. The company has a current ratio of 2.72, 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 $53.29. The firm has a market capitalization of $1.01 billion, a P/E ratio of -43.43 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. As a group, sell-side analysts predict that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lucas S. Chang sold 12,497 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.46, for a total value of $518,125.62. Following the transaction, the director now directly owns 25,204 shares of the company’s stock, valued at $1,044,957.84. The trade was a 33.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the completion of the transaction, the executive vice president now directly owns 115,368 shares in the company, valued at approximately $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,124 shares of company stock valued at $2,500,685. 16.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after buying an additional 548 shares during the period. Sterling Capital Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 820.7% in the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company’s stock worth $28,000 after buying an additional 673 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Alpha and Omega Semiconductor by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock worth $34,000 after buying an additional 291 shares during the period. Larson Financial Group LLC purchased a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth $38,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth $39,000. 78.97% of the stock is 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.