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

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Several other brokerages have also recently commented on AOSL. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, B. Riley cut their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL traded down $0.08 during mid-day trading on Monday, hitting $41.39. 953,649 shares of the company’s stock were exchanged, compared to its average volume of 288,306. The firm has a market capitalization of $1.20 billion, a P/E ratio of -61.78 and a beta of 2.42. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The business’s 50 day moving average is $34.81 and its two-hundred day moving average is $35.31. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same period in the previous year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after acquiring an additional 40,183 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 valued at $433,000 after buying an additional 893 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Alpha and Omega Semiconductor by 51.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 21,993 shares of the semiconductor company’s stock valued at $485,000 after buying an additional 7,453 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $1,040,000. Finally, Gladius Capital Management LP purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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 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.