StockNews.com Upgrades Alpha and Omega Semiconductor (NASDAQ:AOSL) to Hold

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Thursday.

Other analysts also recently issued research reports about the company. Stifel Nicolaus cut their price target on 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. Benchmark lifted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, B. Riley decreased their price objective on shares of 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 Up 0.5 %

Shares of AOSL stock traded up $0.19 during midday trading on Thursday, reaching $34.74. 398,110 shares of the stock were exchanged, compared to its average volume of 670,672. The firm has a market cap of $1.01 billion, a PE ratio of -43.43 and a beta of 2.47. The company's 50 day moving average is $39.53 and its two-hundred day moving average is $37.20. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $53.29. The company has a current ratio of 2.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. On average, equities research analysts predict that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In related news, Director Lucas S. Chang sold 12,497 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.46, for a total transaction of $518,125.62. Following the completion of the transaction, the director now directly owns 25,204 shares of the company's stock, valued at approximately $1,044,957.84. This trade represents a 33.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor 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 owns 128,986 shares in the company, valued at approximately $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,124 shares of company stock valued at $2,500,685. 16.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 548 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Alpha and Omega Semiconductor by 820.7% in the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 673 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 291 shares in the last quarter. Larson Financial Group LLC bought a new stake in Alpha and Omega Semiconductor in the fourth quarter worth $38,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at $39,000. 78.97% of the stock is owned by institutional investors.

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.