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

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

A number of other equities research analysts have also weighed in on AOSL. B. Riley reduced their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus dropped 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, Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Up 8.9 %

AOSL opened at $29.85 on Wednesday. The business has a fifty day moving average price of $34.49 and a 200 day moving average price of $34.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. Alpha and Omega Semiconductor has a 12 month low of $19.38 and a 12 month high of $47.45. The stock has a market capitalization of $866.55 million, a price-to-earnings ratio of -44.19 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Sell-side analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of AOSL. Gladius Capital Management LP purchased a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at $36,000. Truvestments Capital LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter worth $45,000. Point72 DIFC Ltd purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the second quarter worth about $62,000. Hedge funds and other institutional investors 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.