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

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

AOSL has been the subject of several other research reports. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of 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 reduced 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 research note on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $46.55 on Monday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -69.48 and a beta of 2.48. The business’s fifty day simple moving average is $35.04 and its 200 day simple moving average is $35.44. The company has a current ratio of 2.65, a quick ratio of 1.44 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 $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 0.19% and a negative net margin of 2.94%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. As a group, analysts anticipate that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insiders Place Their Bets

In other news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $36,000. Truvestments Capital LLC acquired a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at about $45,000. Point72 DIFC Ltd purchased a new position in shares of Alpha and Omega Semiconductor in the second quarter worth about $47,000. Hollencrest Capital Management acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $62,000. Hedge funds and other 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.