Alpha and Omega Semiconductor (NASDAQ:AOSL) Cut to “Sell” at StockNews.com

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

A number of other equities analysts have also weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley cut their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 4.4 %

Alpha and Omega Semiconductor stock traded down $1.77 during trading on Friday, hitting $38.63. The company’s stock had a trading volume of 1,788,025 shares, compared to its average volume of 271,352. The stock’s fifty day moving average is $34.29 and its 200 day moving average is $34.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $47.45. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -57.66 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the company earned $0.30 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insiders Place Their Bets

In related news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Alpha and Omega Semiconductor by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after acquiring an additional 40,183 shares in the last quarter. State Street Corp boosted its holdings in Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after purchasing an additional 334,657 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after purchasing an additional 169,619 shares in the last quarter. Geode Capital Management LLC increased its holdings in Alpha and Omega Semiconductor by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after purchasing an additional 31,286 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Alpha and Omega Semiconductor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after purchasing an additional 25,100 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.