Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Rating Lowered by StockNews.com

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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

NASDAQ:AOSL opened at $46.76 on Wednesday. The business has a 50 day moving average price of $36.16 and a 200-day moving average price of $36.18. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. 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 firm has a market cap of $1.36 billion, a PE ratio of -69.79 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results 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 business had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Equities research analysts predict that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Insider Activity

In other news, EVP Bing Xue sold 875 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the completion of the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated 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 directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,182 shares of company stock worth $2,445,473. 16.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AOSL. Algert Global LLC increased its position in Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock valued at $3,338,000 after purchasing an additional 56,962 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Alpha and Omega Semiconductor by 110.1% during the 3rd 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 during the last quarter. Systematic Financial Management LP acquired a new stake in Alpha and Omega Semiconductor in the third quarter worth about $702,000. First Eagle Investment Management LLC grew 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 worth $17,625,000 after purchasing an additional 25,100 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after buying an additional 123,093 shares during the last quarter. 78.97% of the stock is currently 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.