Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Rating Lowered by Zacks Investment Research

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued 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. “

Separately, Benchmark started coverage on shares of Alpha and Omega Semiconductor in a report on Thursday, September 23rd. They issued a “buy” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $45.25.

AOSL opened at $30.46 on Tuesday. The company has a fifty day moving average price of $28.79 and a two-hundred day moving average price of $29.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.75. Alpha and Omega Semiconductor has a 52 week low of $15.23 and a 52 week high of $43.00. The firm has a market capitalization of $802.71 million, a PE ratio of 14.37 and a beta of 2.66.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Tuesday, August 10th. The semiconductor company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. Alpha and Omega Semiconductor had a net margin of 8.85% and a return on equity of 13.55%. The firm had revenue of $177.31 million during the quarter, compared to analyst estimates of $170.00 million. Equities analysts forecast that Alpha and Omega Semiconductor will post 2.75 EPS for the current year.

In related news, EVP Bing Xue sold 1,989 shares of the business’s stock in a transaction on Tuesday, August 10th. The shares were sold at an average price of $26.75, for a total value of $53,205.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,973 shares of company stock valued at $142,905 in the last three months. 21.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AOSL. BlackRock Inc. lifted its position in Alpha and Omega Semiconductor by 9.2% during the 1st quarter. BlackRock Inc. now owns 1,575,541 shares of the semiconductor company’s stock worth $51,521,000 after buying an additional 132,333 shares in the last quarter. FMR LLC lifted its position in Alpha and Omega Semiconductor by 38.5% during the 1st quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock worth $15,634,000 after buying an additional 377,800 shares in the last quarter. Vanguard Group Inc. lifted its position in Alpha and Omega Semiconductor by 14.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,272,997 shares of the semiconductor company’s stock worth $38,687,000 after buying an additional 165,152 shares in the last quarter. State Street Corp lifted its position in Alpha and Omega Semiconductor by 5.1% during the 2nd quarter. State Street Corp now owns 857,678 shares of the semiconductor company’s stock worth $26,065,000 after buying an additional 41,249 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Alpha and Omega Semiconductor by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 379,610 shares of the semiconductor company’s stock worth $11,536,000 after buying an additional 22,971 shares in the last quarter. 58.21% of the stock is currently owned by institutional investors and hedge funds.

About Alpha and Omega Semiconductor

Alpha & Omega Semiconductor Ltd. designs, develops and supplies power semiconductor products. Its products include analog switches, insulated-gate bipolar transistors, metal-oxide-semiconductor field-effect transistors, power integrated circuits, and transient voltage suppressors. The firm operates through the following geographical segments: Hong Kong, China, South Korea, United States, and Other Countries.

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