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

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

Other equities research analysts have also recently issued reports about the company. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley decreased their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus dropped 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 note on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 5.9 %

Shares of NASDAQ:AOSL opened at $28.09 on Wednesday. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $47.45. The company has a market cap of $815.48 million, a PE ratio of -41.93 and a beta of 2.42. The stock has a 50 day moving average of $34.32 and a 200 day moving average of $34.23. 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 (NASDAQ:AOSL) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share 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 the consensus estimate 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 revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, equities research analysts expect that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor 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 sale, the director now owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The trade was a 9.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Wenjun Li sold 2,183 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its stake in Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after acquiring an additional 100,591 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 18.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock worth $9,842,000 after purchasing an additional 71,000 shares during the period. Vanguard Group Inc. increased its position in shares of Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after purchasing an additional 40,183 shares during the last quarter. Millennium Management LLC lifted its position in Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after buying an additional 123,093 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Alpha and Omega Semiconductor by 7.6% during the first quarter. BNP Paribas Financial Markets now owns 32,965 shares of the semiconductor company’s stock worth $727,000 after buying an additional 2,336 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.