Alpha and Omega Semiconductor (NASDAQ:AOSL) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a report published on Friday morning.

Several other brokerages have also recently commented on AOSL. B. Riley increased their price target 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. Stifel Nicolaus increased 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, Benchmark boosted their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 28th.

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $36.01 on Friday. The stock’s 50 day moving average is $36.49 and its two-hundred day moving average is $33.29. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $47.45. The company 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 (NASDAQ:AOSL) last issued its quarterly 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. The business had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.03 million. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. Analysts predict that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the sale, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated 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 owns 33,245 shares of the company’s stock, valued at $1,265,304.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $356,000.00. Following the transaction, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at $10,548,066.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,560 shares of company stock valued at $562,003. 17.90% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in AOSL. Eastern Bank acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at $174,000. Wedge Capital Management L L P NC grew its position in Alpha and Omega Semiconductor by 2.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock valued at $1,822,000 after buying an additional 1,348 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Alpha and Omega Semiconductor during the 2nd quarter valued at about $47,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $62,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter worth 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.