Alpha and Omega Semiconductor (NASDAQ:AOSL) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated Alpha and Omega Semiconductor's (AOSL) stock rating to "sell (D-)," highlighting concerns about its current performance.
• While Weiss Ratings issued a negative assessment, other analysts have shown mixed opinions, with Stifel Nicolaus upgrading the stock from "sell" to "hold" and B. Riley raising its price target and rating it as a "buy."
• Alpha and Omega Semiconductor reported a quarterly earnings of $0.02 per share, beating analysts' expectations, and a year-over-year revenue increase of 9.4%.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms have also recently weighed in on AOSL. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and boosted their price target for the stock from $18.00 to $25.00 in a report on Tuesday, July 15th. B. Riley lifted their price objective on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $30.67.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock traded up $0.85 during midday trading on Wednesday, reaching $27.93. The company's stock had a trading volume of 185,796 shares, compared to its average volume of 424,277. Alpha and Omega Semiconductor has a 52 week low of $15.90 and a 52 week high of $53.29. The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $27.78 and a 200-day moving average price of $24.87. The stock has a market cap of $839.02 million, a PE ratio of -8.54 and a beta of 2.10.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.The firm had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently modified their holdings of AOSL. GAMMA Investing LLC raised its position in shares of Alpha and Omega Semiconductor by 4,741.1% during the first quarter. GAMMA Investing LLC now owns 30,354 shares of the semiconductor company's stock worth $755,000 after purchasing an additional 29,727 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Alpha and Omega Semiconductor by 60.2% during the first quarter. Wedge Capital Management L L P NC now owns 70,951 shares of the semiconductor company's stock worth $1,764,000 after purchasing an additional 26,666 shares during the period. Redwood Wealth Management Group LLC raised its position in shares of Alpha and Omega Semiconductor by 9.1% during the first quarter. Redwood Wealth Management Group LLC now owns 16,079 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 1,342 shares during the period. Acuitas Investments LLC raised its position in shares of Alpha and Omega Semiconductor by 26.3% during the first quarter. Acuitas Investments LLC now owns 146,373 shares of the semiconductor company's stock worth $3,639,000 after purchasing an additional 30,473 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Alpha and Omega Semiconductor by 4.0% during the first quarter. Principal Financial Group Inc. now owns 120,105 shares of the semiconductor company's stock worth $2,986,000 after purchasing an additional 4,660 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

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.

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