Alpha and Omega Semiconductor (NASDAQ:AOSL) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a sell rating in a report released on Wednesday.

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

Alpha and Omega Semiconductor Trading Down 1.9 %

Shares of AOSL stock opened at $34.26 on Wednesday. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The stock has a market cap of $983.33 million, a P/E ratio of -100.76 and a beta of 2.42. The business has a fifty day simple moving average of $38.38 and a 200-day simple moving average of $30.70. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating 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 analysts’ expectations of $160.03 million. During the same quarter last year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Alpha and Omega Semiconductor will post -1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of the firm’s 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 sale, the director now directly owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of the firm’s 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 sale, the director now directly owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at $10,548,066.40. The disclosure for this sale can be found here. 17.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of AOSL. Pineridge Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $30,000. Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $36,000. Point72 DIFC Ltd acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $47,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $62,000. Finally, nVerses Capital LLC acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $116,000. 78.97% of the stock is 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.