Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to Sell at 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 report issued on Wednesday.

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

Alpha and Omega Semiconductor Stock Down 3.5 %

Shares of AOSL opened at $47.18 on Wednesday. The business’s 50 day moving average is $36.64 and its 200 day moving average is $36.34. 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 has a 12-month low of $19.38 and a 12-month high of $53.29. The company has a market capitalization of $1.37 billion, a PE ratio of -70.42 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company 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%. Alpha and Omega Semiconductor’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 EPS. Research analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Bing Xue sold 875 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now owns 128,986 shares of the company’s stock, valued at approximately $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Claudia Chen sold 5,623 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the sale, the director now owns 26,572 shares in the company, valued at approximately $1,362,346.44. The trade was a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,182 shares of company stock valued at $2,445,473. 16.90% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Alpha and Omega Semiconductor by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 1,096 shares during the period. Barclays PLC grew its position in shares of Alpha and Omega Semiconductor by 367.4% during the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock worth $1,498,000 after buying an additional 31,725 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 5.7% during the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after buying an additional 31,286 shares during the period. Zacks Investment Management raised its holdings in shares of Alpha and Omega Semiconductor by 12.1% in the third quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock valued at $2,501,000 after acquiring an additional 7,294 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Alpha and Omega Semiconductor by 77.2% in the third quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company’s stock worth $2,051,000 after acquiring an additional 24,067 shares during the period. 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.