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

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 report issued on Friday.

Other equities analysts have also recently issued research reports about the company. Benchmark upped their target price on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Stifel Nicolaus upped their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. Finally, B. Riley raised their price objective on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL traded up $0.56 during trading on Friday, reaching $36.01. 171,880 shares of the company traded hands, compared to its average volume of 242,244. The company’s 50 day moving average is $36.49 and its two-hundred day moving average is $33.29. The firm has a market capitalization of $1.03 billion, a PE ratio of -105.91 and a beta of 2.41. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued 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 business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,560 shares of company stock worth $562,003. 17.90% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of AOSL. Wellington Management Group LLP grew its position in Alpha and Omega Semiconductor by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares during the period. Principal Financial Group Inc. boosted its holdings in Alpha and Omega Semiconductor by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 118,976 shares of the semiconductor company’s stock worth $2,622,000 after acquiring an additional 1,541 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Alpha and Omega Semiconductor by 7.6% during the 1st quarter. BNP Paribas Financial Markets now owns 32,965 shares of the semiconductor company’s stock worth $727,000 after acquiring an additional 2,336 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in Alpha and Omega Semiconductor by 3.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 613 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Alpha and Omega Semiconductor during the 1st quarter worth $616,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.