Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded to "Hold" at StockNews.com

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

A number of other analysts have also recently commented on AOSL. Stifel Nicolaus dropped their price target on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, April 17th. Benchmark boosted their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, February 6th.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL traded down $0.39 on Friday, hitting $19.04. 342,726 shares of the stock traded hands, compared to its average volume of 499,420. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72. The business's fifty day moving average is $24.68 and its two-hundred day moving average is $33.16. Alpha and Omega Semiconductor has a 12 month low of $15.90 and a 12 month high of $53.29. The firm has a market capitalization of $560.06 million, a price-to-earnings ratio of -23.80 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the company. Hood River Capital Management LLC bought a new position in Alpha and Omega Semiconductor in the 4th quarter valued at $42,162,000. Driehaus Capital Management LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter worth $11,612,000. Millennium Management LLC boosted its stake in Alpha and Omega Semiconductor by 2,741.6% during the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after buying an additional 247,678 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Alpha and Omega Semiconductor during the fourth quarter worth about $8,014,000. Finally, Boothbay Fund Management LLC bought a new position in Alpha and Omega Semiconductor in the 4th quarter worth about $3,868,000. 78.97% of the stock is owned by hedge funds and other 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.