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

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

Other equities analysts have also recently issued reports about the stock. B. Riley lifted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. Stifel Nicolaus lifted their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a "sell" rating in a report on Thursday, July 18th. Finally, Benchmark increased their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, June 28th.

Alpha and Omega Semiconductor Trading Down 1.6 %

AOSL stock traded down $0.68 during midday trading on Thursday, reaching $41.23. The stock had a trading volume of 391,356 shares, compared to its average volume of 244,246. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $47.45. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -121.26 and a beta of 2.39. The business has a fifty day simple moving average of $38.74 and a two-hundred day simple moving average of $29.35.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company had revenue of $161.30 million during the quarter, compared to analysts' expectations of $160.03 million. During the same quarter in the previous year, the company earned $0.08 EPS. Alpha and Omega Semiconductor's revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Alpha and Omega Semiconductor will post -0.19 EPS for the current fiscal year.

Insider Activity

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now owns 296,294 shares of the company's stock, valued at approximately $10,548,066.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Yifan Liang sold 10,000 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the transaction, the director now owns 33,245 shares of the company's stock, valued at approximately $1,265,304.70. The disclosure for this sale can be found here. 17.90% of the stock is owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its holdings in Alpha and Omega Semiconductor by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock valued at $437,000 after buying an additional 400 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in Alpha and Omega Semiconductor by 2.2% in 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 in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Alpha and Omega Semiconductor by 3.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company's stock valued at $442,000 after purchasing an additional 613 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 in the last quarter. Finally, Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 78.97% of the company's stock.

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.

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