Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to Sell at StockNews.com

StockNews.com cut shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Several other equities research analysts have also recently weighed in on the stock. Benchmark upped their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a buy rating in a research report on Friday, June 28th. Stifel Nicolaus increased their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a sell rating in a research report on Thursday, July 18th. Finally, B. Riley lifted their price target on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a buy rating in a report on Thursday, July 11th.

Alpha and Omega Semiconductor Stock Up 1.4 %

Shares of NASDAQ:AOSL opened at $41.81 on Thursday. The business’s 50 day moving average is $38.93 and its 200 day moving average is $29.52. The stock has a market cap of $1.20 billion, a P/E ratio of -122.97 and a beta of 2.39. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $47.45. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.03 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. Sell-side analysts predict that Alpha and Omega Semiconductor will post -0.19 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at $10,548,066.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the business’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 transaction of $128,528.62. Following the sale, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. The disclosure for this sale can be found here. 17.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter valued at $616,000. Jacobs Levy Equity Management Inc. boosted its holdings in Alpha and Omega Semiconductor by 101.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after purchasing an additional 100,591 shares during the last quarter. First Eagle Investment Management LLC grew its position in Alpha and Omega Semiconductor by 18.9% during 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. raised its stake 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 buying an additional 40,183 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Alpha and Omega Semiconductor by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock worth $9,087,000 after buying an additional 55,403 shares during the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

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.