Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a buy rating to a hold rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Alpha and Omega Semiconductor Limited is engaged in designing, developing and supplying a broad range of power semiconductors globally, including a portfolio of Power MOSFET and Power IC products. The Company seeks to differentiate itself by integrating its expertise in device physics, process technology, design and advanced packaging to optimize product performance and cost. Its portfolio of products targets high-volume end-market applications, such as notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players and power supplies. The products are incorporated into devices by original equipment manufacturers, or OEMs. The Company utilizes third-party foundries for all of its wafer fabrication and it deploys and implements its proprietary MOSFET processes at these third party foundries. The Company relies upon its in-house capacity and an associated provider for most of its packaging and testing requirements. “

A number of other brokerages also recently weighed in on AOSL. Loop Capital set a $18.00 price objective on Alpha and Omega Semiconductor and gave the company a buy rating in a research note on Tuesday, September 17th. ValuEngine lowered Alpha and Omega Semiconductor from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. B. Riley raised their target price on Alpha and Omega Semiconductor from $18.00 to $21.00 and gave the company a buy rating in a report on Monday, September 16th. Finally, BidaskClub lowered Alpha and Omega Semiconductor from a buy rating to a hold rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $17.67.

Shares of AOSL stock traded up $0.28 during trading on Tuesday, reaching $12.47. The company had a trading volume of 119,200 shares, compared to its average volume of 96,040. The firm’s 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $10.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.66 and a quick ratio of 1.03. Alpha and Omega Semiconductor has a one year low of $8.22 and a one year high of $13.87. The company has a market capitalization of $297.05 million, a PE ratio of 17.81 and a beta of 1.06.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Alpha and Omega Semiconductor had a return on equity of 3.50% and a net margin of 0.10%. The business had revenue of $117.80 million for the quarter, compared to the consensus estimate of $116.97 million. During the same period last year, the business earned $0.10 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Alpha and Omega Semiconductor will post 0.59 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $2,750,000. California Public Employees Retirement System grew its holdings in Alpha and Omega Semiconductor by 9.9% in the 3rd quarter. California Public Employees Retirement System now owns 97,297 shares of the semiconductor company’s stock valued at $1,195,000 after buying an additional 8,797 shares during the last quarter. Rhumbline Advisers grew its holdings in Alpha and Omega Semiconductor by 10.6% in the 3rd quarter. Rhumbline Advisers now owns 30,965 shares of the semiconductor company’s stock valued at $380,000 after buying an additional 2,975 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in Alpha and Omega Semiconductor by 13.7% in the 2nd quarter. United Services Automobile Association now owns 12,237 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 1,479 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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