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

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

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

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock opened at $36.08 on Wednesday. The firm has a market cap of $1.04 billion, a PE ratio of -106.12 and a beta of 2.42. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $47.45. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $38.31 and a 200 day moving average price of $30.74.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same period in the previous year, the business earned $0.08 earnings per share. The business’s revenue was down .1% compared to the same quarter last year. Sell-side analysts predict that Alpha and Omega Semiconductor will post -1.06 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

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

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pineridge Advisors LLC purchased a new stake in Alpha and Omega Semiconductor in the 4th quarter valued at about $30,000. Gladius Capital Management LP purchased a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $36,000. Point72 DIFC Ltd acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $47,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $62,000. Finally, nVerses Capital LLC purchased a new stake in Alpha and Omega Semiconductor in the second quarter valued at approximately $116,000. Hedge funds and other 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.