Alpha and Omega Semiconductor (NASDAQ:AOSL) Rating Increased to Hold at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL - Free Report) from a sell rating to a hold rating in a report released on Tuesday morning, MarketBeat reports. The firm currently has $25.00 price objective on the semiconductor company's stock, up from their previous price objective of $18.00.

A number of other brokerages have also issued reports on AOSL. B. Riley increased their target price on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Finally, Benchmark decreased their target price on 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.

Alpha and Omega Semiconductor Stock Performance

Alpha and Omega Semiconductor stock traded up $0.43 during mid-day trading on Tuesday, hitting $28.61. The company had a trading volume of 92,422 shares, compared to its average volume of 499,820. The company has a current ratio of 2.57, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. Alpha and Omega Semiconductor has a 12-month low of $15.90 and a 12-month high of $53.29. The company's fifty day moving average is $24.43 and its 200-day moving average is $27.63. The company has a market capitalization of $841.56 million, a price-to-earnings ratio of -36.56 and a beta of 2.11.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.28% and a negative net margin of 3.33%. The business had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same quarter in the prior year, the firm posted ($0.04) EPS. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Insider Activity

In related news, EVP Bing Xue sold 1,845 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $23.73, for a total value of $43,781.85. Following the completion of the transaction, the executive vice president directly owned 130,951 shares of the company's stock, valued at approximately $3,107,467.23. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Alpha and Omega Semiconductor by 8.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,530 shares of the semiconductor company's stock valued at $372,000 after purchasing an additional 1,165 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Alpha and Omega Semiconductor by 177.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,385 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 2,164 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Alpha and Omega Semiconductor by 953.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company's stock worth $46,000 after acquiring an additional 1,630 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter worth $682,000. Finally, Voya Investment Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 760.5% in the 1st quarter. Voya Investment Management LLC now owns 62,448 shares of the semiconductor company's stock worth $1,552,000 after acquiring an additional 55,191 shares during the last quarter. 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.