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 research report sent to investors on Wednesday.

Other equities analysts also recently issued reports about the stock. Benchmark reiterated a "buy" rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley cut their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating on the stock in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Up 2.6 %

NASDAQ AOSL traded up $0.69 on Wednesday, hitting $27.41. 617,723 shares of the stock were exchanged, compared to its average volume of 251,701. The business's fifty day moving average is $34.66 and its 200 day moving average is $34.27. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 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 the consensus estimate 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 company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. On average, analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares of the company's stock, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares of the company's stock, valued at approximately $1,265,304.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $36,000. Truvestments Capital LLC bought a new stake in Alpha and Omega Semiconductor in the third quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $47,000. Hollencrest Capital Management bought a new position in Alpha and Omega Semiconductor during the 3rd quarter worth approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $62,000. Institutional investors 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.