StockNews.com Downgrades Alpha and Omega Semiconductor (NASDAQ:AOSL) to Sell

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

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

Alpha and Omega Semiconductor Stock Down 1.6 %

NASDAQ:AOSL opened at $34.92 on Wednesday. The firm has a 50-day simple moving average of $38.43 and a two-hundred day simple moving average of $30.68. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The firm has a market cap of $1.00 billion, a P/E ratio of -102.71 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 EPS 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 business had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.03 million. During the same quarter last year, the company earned $0.08 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Analysts predict that Alpha and Omega Semiconductor will post -1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the transaction, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the sale, the chief financial officer now owns 296,294 shares in the company, valued at approximately $10,548,066.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares in the company, valued at $1,265,304.70. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AOSL. Point72 DIFC Ltd bought a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $47,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the second quarter worth $62,000. Point72 Asset Management L.P. purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at $8,389,000. Algert Global LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 35.9% in the 2nd quarter. Algert Global LLC now owns 32,958 shares of the semiconductor company’s stock worth $1,232,000 after acquiring an additional 8,707 shares during the last quarter. Finally, Susquehanna International Group Ltd. purchased a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $248,000. Institutional investors own 78.97% of the company’s stock.

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.