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

StockNews.com upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL - Free Report) from a sell rating to a hold rating in a report issued on Sunday.

Other equities analysts have also recently issued reports about the stock. Benchmark lowered their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, April 17th.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock traded down $0.49 during mid-day trading on Friday, hitting $23.86. The company's stock had a trading volume of 86,679 shares, compared to its average volume of 506,762. The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $701.81 million, a P/E ratio of -29.61 and a beta of 2.02. Alpha and Omega Semiconductor has a twelve month low of $15.90 and a twelve month high of $53.29. The stock's fifty day moving average price is $22.12 and its two-hundred day moving average price is $31.78.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The firm had revenue of $164.60 million for the quarter, compared to analysts' expectations of $157.23 million. During the same period in the previous year, the company posted ($0.04) EPS. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Research analysts forecast that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current year.

Insider Activity

In related news, EVP Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, May 12th. The shares were sold at an average price of $23.73, for a total value of $43,781.85. Following the completion of the sale, the executive vice president now owns 130,951 shares of the company's stock, valued at approximately $3,107,467.23. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of AOSL. Barclays PLC lifted its stake in shares of Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company's stock valued at $1,498,000 after purchasing an additional 31,725 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock valued at $510,000 after purchasing an additional 1,096 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Alpha and Omega Semiconductor by 42.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company's stock valued at $1,359,000 after purchasing an additional 10,921 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $548,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $666,000. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Company Profile

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.