Alpha and Omega Semiconductor (NASDAQ:AOSL) Downgraded to “Sell” Rating by StockNews.com

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

Other analysts also recently issued reports about the company. B. Riley dropped their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 4.4 %

Shares of AOSL opened at $38.63 on Friday. The company has a market capitalization of $1.12 billion, a PE ratio of -57.66 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The stock has a fifty day moving average of $34.31 and a two-hundred day moving average of $34.67. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, analysts forecast that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently bought and sold shares of AOSL. Barclays PLC boosted its stake in shares of Alpha and Omega Semiconductor by 367.4% during the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock valued at $1,498,000 after buying an additional 31,725 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 5.7% in the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after buying an additional 31,286 shares during the last quarter. Zacks Investment Management increased its stake in shares of Alpha and Omega Semiconductor by 12.1% in the third quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock worth $2,501,000 after buying an additional 7,294 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Alpha and Omega Semiconductor by 77.2% in the third quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company’s stock worth $2,051,000 after buying an additional 24,067 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after buying an additional 334,657 shares during the last quarter. Institutional investors and hedge funds 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.