Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut 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 research note issued to investors on Friday.

Several other brokerages have also issued reports on AOSL. Stifel Nicolaus decreased their price target on shares of 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. B. Riley cut their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 4.4 %

NASDAQ:AOSL opened at $38.63 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -57.66 and a beta of 2.42. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45. The firm has a 50-day moving average price of $34.31 and a two-hundred day moving average price of $34.75.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $181.89 million during the quarter, compared to analysts’ expectations 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%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. On average, equities analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth approximately $36,000. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth approximately $47,000. Hollencrest Capital Management bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth approximately $62,000. 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.