Alpha and Omega Semiconductor (NASDAQ:AOSL) Lowered 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 report published on Wednesday morning.

A number of other equities analysts have also recently commented on the stock. Benchmark boosted 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 note on Friday, June 28th. B. Riley upped their target price on shares of 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. Finally, Stifel Nicolaus raised their price target 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.

Alpha and Omega Semiconductor Trading Down 3.5 %

Alpha and Omega Semiconductor stock opened at $34.81 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The stock has a market cap of $999.12 million, a P/E ratio of -102.38 and a beta of 2.42. The firm’s fifty day moving average price is $38.16 and its 200-day moving average price is $30.88.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share 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 for the quarter, compared to analyst estimates of $160.03 million. During the same period in the prior year, the company earned $0.08 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts forecast that Alpha and Omega Semiconductor will post -1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following 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 available through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value 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 disclosure for this sale can be found here. Insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently added to or reduced their stakes in AOSL. Pineridge Advisors LLC bought a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at about $30,000. Gladius Capital Management LP bought a new position in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $36,000. Point72 DIFC Ltd purchased a new stake in Alpha and Omega Semiconductor in the 2nd quarter worth approximately $47,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alpha and Omega Semiconductor in the 2nd quarter worth approximately $62,000. Finally, nVerses Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $116,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.