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

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

Several other research firms have also commented on AOSL. B. Riley increased their target price on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Benchmark raised their price objective on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, Stifel Nicolaus boosted their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL stock traded down $0.20 during mid-day trading on Tuesday, hitting $32.61. 211,327 shares of the stock traded hands, compared to its average volume of 251,296. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $47.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The company’s 50-day simple moving average is $38.66 and its 200-day simple moving average is $30.21. The firm has a market cap of $944.71 million, a price-to-earnings ratio of -95.91 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its 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. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The firm had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.03 million. During the same period in the previous year, the company earned $0.08 earnings per share. Alpha and Omega Semiconductor’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts expect that Alpha and Omega Semiconductor will post -1.06 earnings per share for the current year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $1,265,304.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Alpha and Omega Semiconductor by 1.9% during the first 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. The Manufacturers Life Insurance Company grew its stake in shares of 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 valued at $48,007,000 after buying an additional 169,619 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Alpha and Omega Semiconductor by 8.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock worth $28,465,000 after buying an additional 86,366 shares during the last quarter. First Eagle Investment Management LLC raised its position in Alpha and Omega Semiconductor by 5.6% during 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 acquiring an additional 25,100 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in 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 valued at $9,087,000 after acquiring an additional 55,403 shares during the last quarter. 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.