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

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

Separately, Benchmark increased their price objective on 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 Stock Down 2.6 %

Shares of AOSL stock opened at $26.81 on Friday. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $53.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72. The business’s fifty day moving average is $36.42 and its 200-day moving average is $36.81. The stock has a market cap of $788.62 million, a PE ratio of -33.51 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. Equities analysts expect that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,242 shares of the company’s 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 transaction, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at approximately $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently made changes to their positions in the business. Pacific Point Advisors LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter worth approximately $296,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alpha and Omega Semiconductor by 20.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,547 shares of the semiconductor company’s stock valued at $2,501,000 after buying an additional 11,398 shares during the period. Two Sigma Investments LP grew its holdings in shares of Alpha and Omega Semiconductor by 171.3% during the 4th quarter. Two Sigma Investments LP now owns 125,095 shares of the semiconductor company’s stock valued at $4,632,000 after acquiring an additional 78,992 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth $266,000. Finally, Millennium Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 2,741.6% in the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company’s stock worth $9,506,000 after acquiring an additional 247,678 shares during the last quarter. Institutional investors and hedge funds 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.