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

StockNews.com cut shares of Alpha and Omega Semiconductor (NASDAQ:AOSL - Free Report) from a hold rating to a sell rating in a report issued on Wednesday morning.

A number of other research firms also recently weighed in on AOSL. Benchmark reiterated a "buy" rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. B. Riley decreased their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. 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 on the stock in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

AOSL stock traded up $2.12 on Wednesday, reaching $48.88. 653,033 shares of the company were exchanged, compared to its average volume of 315,080. Alpha and Omega Semiconductor has a 12 month low of $19.38 and a 12 month high of $53.29. The stock's fifty day moving average price is $36.41 and its 200 day moving average price is $36.27. The firm has a market capitalization of $1.42 billion, a PE ratio of -72.96 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same period last year, the firm posted $0.30 EPS. The company's revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Alpha and Omega Semiconductor will post -0.67 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lucas S. Chang sold 12,497 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total transaction of $518,125.62. Following the transaction, the director now owns 25,204 shares in the company, valued at approximately $1,044,957.84. This trade represents a 33.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,182 shares of company stock worth $2,445,473. Corporate insiders own 16.90% of the company's stock.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock worth $437,000 after purchasing an additional 400 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Alpha and Omega Semiconductor by 4.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 508 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Alpha and Omega Semiconductor by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company's stock worth $878,000 after purchasing an additional 511 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company's stock worth $433,000 after purchasing an additional 893 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. 78.97% of the stock is owned by 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.