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

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 Tuesday.

Other equities research analysts have also recently issued reports about the stock. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Finally, B. Riley cut their price target on shares of 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.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $39.78 on Tuesday. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 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. The firm has a market capitalization of $1.15 billion, a P/E ratio of -59.37 and a beta of 2.48. The firm’s 50 day moving average is $37.32 and its two-hundred day moving average is $37.10.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $180.07 million. During the same period in the prior year, the firm posted $0.30 EPS. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts forecast that Alpha and Omega Semiconductor will post -0.67 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 875 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction 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. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yifan Liang sold 31,004 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the sale, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at approximately $13,049,261.75. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,065 shares of company stock valued at $2,534,690 over the last three months. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth $45,000. Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor in the second quarter worth about $47,000. Hollencrest Capital Management bought a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at about $62,000. Finally, Farther Finance Advisors LLC raised its position in shares of Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,750 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

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.