Alpha and Omega Semiconductor (NASDAQ:AOSL) Rating Increased 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.

Separately, 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 research report on Thursday, February 6th.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL traded down $2.07 during mid-day trading on Friday, reaching $25.38. 487,684 shares of the company's stock were exchanged, compared to its average volume of 431,681. Alpha and Omega Semiconductor has a one year low of $19.38 and a one year high of $53.29. 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 simple moving average is $36.20 and its two-hundred day simple moving average is $36.75. The firm has a market capitalization of $746.55 million, a PE ratio of -31.73 and a beta of 2.56.

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 (EPS) 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%. Analysts anticipate that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current fiscal year.

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Insider Buying and Selling

In other news, EVP Bing Xue sold 1,242 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the sale, the executive vice president now directly owns 115,368 shares in the company, valued at approximately $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in AOSL. Hood River Capital Management LLC bought a new position in Alpha and Omega Semiconductor during the 4th quarter worth $42,162,000. State Street Corp raised its position in shares of Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company's stock worth $49,789,000 after acquiring an additional 334,657 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth approximately $11,612,000. Millennium Management LLC boosted its holdings in Alpha and Omega Semiconductor by 2,741.6% in the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after acquiring an additional 247,678 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Alpha and Omega Semiconductor by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock valued at $17,503,000 after purchasing an additional 247,051 shares during the period. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.