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

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

Several other equities analysts also recently weighed in on AOSL. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report 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 for the company in a research report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $29.85 on Wednesday. The firm’s fifty day simple moving average is $34.49 and its two-hundred day simple moving average is $34.22. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $47.45. The company has a market cap of $866.55 million, a price-to-earnings ratio of -44.19 and a beta of 2.42. 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 (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. This trade represents a 9.22 % decrease in their position. The disclosure for this sale can be found here. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors have recently added to or reduced their stakes in AOSL. Vanguard Group Inc. boosted its position in shares of Alpha and Omega Semiconductor by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after buying an additional 40,183 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares during the period. First Eagle Investment Management LLC boosted its holdings in Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after acquiring an additional 25,100 shares during the period. Peregrine Capital Management LLC grew its position in Alpha and Omega Semiconductor by 14.6% in the 2nd 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 in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Alpha and Omega Semiconductor during the second quarter worth about $8,389,000. Institutional investors and hedge funds 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.