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

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

Several other research firms have also recently commented on AOSL. 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. B. Riley reduced their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ AOSL traded down $6.48 during mid-day trading on Tuesday, hitting $26.77. The company had a trading volume of 1,000,873 shares, compared to its average volume of 245,842. The company has a market capitalization of $776.60 million, a price-to-earnings ratio of -68.64 and a beta of 2.42. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $47.45. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $36.01 and its 200-day moving average price is $34.05.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter last year, the firm posted $0.30 earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts forecast that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction dated 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 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 three months, insiders sold 15,560 shares of company stock worth $562,003. 16.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in 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 purchasing an additional 40,183 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Alpha and Omega Semiconductor by 15.2% during 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 purchasing an additional 169,619 shares during the last quarter. First Eagle Investment Management LLC raised its position in Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after purchasing an additional 25,100 shares during the last quarter. Peregrine Capital Management LLC raised its position in Alpha and Omega Semiconductor by 14.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after purchasing an additional 43,031 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $8,389,000. 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.