Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded at StockNews.com

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

Separately, Benchmark boosted their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Alpha and Omega Semiconductor Stock Up 2.4 %

AOSL stock opened at $27.45 on Friday. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $53.29. The company has a market capitalization of $807.44 million, a price-to-earnings ratio of -34.31 and a beta of 2.56. The firm’s 50-day moving average is $36.20 and its two-hundred day moving average is $36.75. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. On average, analysts forecast that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Bing Xue sold 1,242 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the sale, the executive vice president now owns 115,368 shares in the company, valued at $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOSL. Hood River Capital Management LLC purchased a new position in Alpha and Omega Semiconductor during the fourth quarter valued at approximately $42,162,000. State Street Corp grew its position 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 purchasing an additional 334,657 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Alpha and Omega Semiconductor during the fourth quarter valued at approximately $11,612,000. Millennium Management LLC grew its position in Alpha and Omega Semiconductor by 2,741.6% during the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company’s stock valued at $9,506,000 after purchasing an additional 247,678 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock valued at $17,503,000 after purchasing an additional 247,051 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other 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.