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

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

AOSL has been the subject of a number of other reports. Stifel Nicolaus decreased their price objective on 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. Benchmark restated 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. Finally, B. Riley reduced their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL traded down $1.77 during mid-day trading on Friday, reaching $38.63. 1,788,025 shares of the stock were exchanged, compared to its average volume of 271,352. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $47.45. The company has a 50 day simple moving average of $34.29 and a 200-day simple moving average of $34.55. The stock has a market capitalization of $1.12 billion, a P/E ratio of -57.66 and a beta of 2.42.

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). The business had revenue of $181.89 million for the quarter, compared to analysts' expectations 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 business's revenue was up .7% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. Analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Wenjun Li sold 2,183 shares of the 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 sale, the chief operating officer now directly owns 61,331 shares of the company's stock, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in shares of Alpha and Omega Semiconductor by 51.6% in the first quarter. Sei Investments Co. now owns 108,301 shares of the semiconductor company's stock worth $2,387,000 after acquiring an additional 36,853 shares during the last quarter. Vanguard Group Inc. raised its stake in Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company's stock valued at $46,843,000 after purchasing an additional 40,183 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Alpha and Omega Semiconductor by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company's stock valued at $433,000 after purchasing an additional 893 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Alpha and Omega Semiconductor by 51.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 21,993 shares of the semiconductor company's stock worth $485,000 after purchasing an additional 7,453 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company's stock worth $4,394,000 after buying an additional 100,591 shares in 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.

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