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

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

Several other brokerages have also weighed in on AOSL. B. Riley dropped their price objective 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. Stifel Nicolaus upped their target price on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th.

Alpha and Omega Semiconductor Stock Down 19.5 %

Shares of NASDAQ AOSL traded down $6.48 during trading on Tuesday, hitting $26.77. 1,000,873 shares of the company traded hands, compared to its average volume of 245,842. The business’s fifty day moving average is $36.01 and its 200 day moving average is $34.05. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The firm has a market capitalization of $776.60 million, a price-to-earnings ratio of -68.64 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same quarter in the prior year, the company posted $0.30 EPS. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts predict that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Yifan Liang sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at $10,548,066.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,560 shares of company stock worth $562,003 in the last quarter. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AOSL. BNP Paribas Financial Markets grew its position in shares of Alpha and Omega Semiconductor by 7.6% during the 1st quarter. BNP Paribas Financial Markets now owns 32,965 shares of the semiconductor company’s stock valued at $727,000 after acquiring an additional 2,336 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Alpha and Omega Semiconductor by 3.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 613 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Alpha and Omega Semiconductor in the 1st quarter worth approximately $616,000. Sei Investments Co. grew its stake in Alpha and Omega Semiconductor by 51.6% in the 1st quarter. Sei Investments Co. now owns 108,301 shares of the semiconductor company’s stock valued at $2,387,000 after buying an additional 36,853 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Alpha and Omega Semiconductor by 18.9% during the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after acquiring an additional 71,000 shares during the period. 78.97% of the stock is owned by institutional investors.

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.