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

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

AOSL has been the topic of several other research reports. B. Riley dropped their price target on 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. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Up 2.1 %

Shares of AOSL stock opened at $39.78 on Tuesday. The stock has a 50-day simple moving average of $37.32 and a 200 day simple moving average of $37.10. The stock has a market capitalization of $1.15 billion, a P/E ratio of -59.37 and a beta of 2.48. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. 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 posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same quarter last year, the business posted $0.30 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Claudia Chen sold 5,623 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the transaction, the director now directly owns 26,572 shares of the company’s stock, valued at approximately $1,362,346.44. This represents a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,065 shares of company stock valued at $2,534,690. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after buying an additional 334,657 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after purchasing an additional 169,619 shares during the last quarter. Geode Capital Management LLC boosted its position in Alpha and Omega Semiconductor by 5.7% during the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after purchasing an additional 31,286 shares during the period. First Eagle Investment Management LLC raised its position in shares of Alpha and Omega Semiconductor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after purchasing an additional 25,100 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in shares of Alpha and Omega Semiconductor by 110.1% in the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after buying an additional 247,051 shares during the last quarter. 78.97% of the stock is currently 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.