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

StockNews.com lowered shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Several other analysts have also weighed in on the company. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Finally, B. Riley dropped their price target 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.

Alpha and Omega Semiconductor Stock Down 4.4 %

Shares of NASDAQ AOSL opened at $38.63 on Friday. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $47.45. The firm has a market cap of $1.12 billion, a price-to-earnings 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’s 50-day simple moving average is $34.29 and its 200-day simple moving average is $34.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data 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). The firm had revenue of $181.89 million during 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 firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, equities analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AOSL. State Street Corp grew its position in Alpha and Omega Semiconductor by 33.2% in the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after purchasing an additional 334,657 shares during the last quarter. Point72 Asset Management L.P. grew its position in Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after purchasing an additional 247,051 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after purchasing an additional 169,619 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 867.6% in the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after acquiring an additional 123,093 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 101.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after acquiring an additional 100,591 shares during the period. Institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.