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

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

AOSL has been the subject of a number of other research reports. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Finally, B. Riley dropped their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL opened at $38.98 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 2.65 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 company’s fifty day moving average is $37.26 and its 200-day moving average is $37.03. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -58.18 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. Alpha and Omega Semiconductor’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. Equities analysts expect that Alpha and Omega Semiconductor will post -0.67 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 12,497 shares of the stock in a transaction on Tuesday, December 3rd. The stock was 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 in the company, valued at approximately $1,044,957.84. This trade represents a 33.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction 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 sale, 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 have sold 54,065 shares of company stock valued at $2,534,690 in the last three months. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew 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 valued at $437,000 after buying an additional 400 shares during the period. BNP Paribas Financial Markets increased its stake in Alpha and Omega Semiconductor by 4.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock worth $403,000 after purchasing an additional 508 shares in the last quarter. Franklin Resources Inc. raised its holdings in Alpha and Omega Semiconductor by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after buying an additional 1,096 shares during the period. Truvestments Capital LLC acquired a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $45,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth $47,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.