Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSLFree Report) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Other equities analysts have also recently issued research reports about the company. Benchmark reduced their price target on Alpha and Omega Semiconductor from $40.00 to $35.00 and set a buy rating for the company in a report on Tuesday, November 7th. B. Riley upgraded shares of Alpha and Omega Semiconductor from a neutral rating to a buy rating and boosted their target price for the company from $28.00 to $34.00 in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $26.00 to $24.00 and set a sell rating on the stock in a research report on Tuesday, November 7th.

View Our Latest Analysis on Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Price Performance

NASDAQ AOSL opened at $23.00 on Wednesday. The business has a 50 day simple moving average of $25.58 and a 200 day simple moving average of $27.22. Alpha and Omega Semiconductor has a 52-week low of $20.03 and a 52-week high of $35.40. The stock has a market cap of $638.94 million, a price-to-earnings ratio of -71.88 and a beta of 2.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.34 and a current ratio of 2.35.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Free Report) last released its earnings results on Monday, November 6th. The semiconductor company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.32. Alpha and Omega Semiconductor had a negative net margin of 1.19% and a positive return on equity of 1.57%. The business had revenue of $180.63 million during the quarter, compared to the consensus estimate of $180.00 million. Analysts anticipate that Alpha and Omega Semiconductor will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,341 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $26.16, for a total value of $35,080.56. Following the completion of the sale, the executive vice president now directly owns 145,583 shares of the company’s stock, valued at $3,808,451.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Bing Xue sold 1,341 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $26.16, for a total transaction of $35,080.56. Following the completion of the transaction, the executive vice president now owns 145,583 shares in the company, valued at $3,808,451.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Mike F. Chang sold 30,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $26.53, for a total value of $795,900.00. Following the transaction, the chairman now owns 4,337,591 shares of the company’s stock, valued at approximately $115,076,289.23. The disclosure for this sale can be found here. Insiders sold a total of 64,014 shares of company stock valued at $1,711,360 in the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AOSL. The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha and Omega Semiconductor by 4,102.0% in the first quarter. The Manufacturers Life Insurance Company now owns 466,838 shares of the semiconductor company’s stock worth $25,513,000 after buying an additional 455,728 shares in the last quarter. Invesco Ltd. lifted its stake in Alpha and Omega Semiconductor by 202.9% in the 1st quarter. Invesco Ltd. now owns 559,857 shares of the semiconductor company’s stock worth $30,596,000 after purchasing an additional 375,053 shares in the last quarter. State Street Corp boosted its holdings in Alpha and Omega Semiconductor by 31.1% in the 2nd quarter. State Street Corp now owns 1,495,834 shares of the semiconductor company’s stock valued at $49,871,000 after purchasing an additional 355,101 shares during the period. Vanguard Group Inc. grew its position in shares of Alpha and Omega Semiconductor by 19.2% during the 1st quarter. Vanguard Group Inc. now owns 1,958,742 shares of the semiconductor company’s stock valued at $107,047,000 after purchasing an additional 315,805 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Alpha and Omega Semiconductor by 288.5% during the 3rd quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock valued at $8,752,000 after purchasing an additional 217,800 shares in the last quarter. Hedge funds and other institutional investors own 63.49% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

(Get Free Report)

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.

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