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

StockNews.com lowered shares of Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) from a buy rating to a hold rating in a research note published on Friday.

A number of other research firms have also issued reports on AOSL. Zacks Investment Research lowered Alpha and Omega Semiconductor from a buy rating to a hold rating in a research report on Tuesday, April 12th. Benchmark reduced their price objective on Alpha and Omega Semiconductor from $78.00 to $70.00 in a research report on Friday. Finally, B. Riley reduced their price objective on Alpha and Omega Semiconductor from $67.00 to $62.00 in a research report on Friday.

AOSL stock traded down $6.66 during midday trading on Friday, hitting $38.54. 1,563,537 shares of the company’s stock were exchanged, compared to its average volume of 400,096. The company has a current ratio of 2.62, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02. Alpha and Omega Semiconductor has a 12-month low of $23.66 and a 12-month high of $69.99. The firm has a 50 day moving average price of $50.07 and a 200-day moving average price of $48.84. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 2.38 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.16. The company had revenue of $203.20 million for the quarter, compared to the consensus estimate of $194.03 million. Alpha and Omega Semiconductor had a return on equity of 15.15% and a net margin of 60.82%. Alpha and Omega Semiconductor’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. On average, sell-side analysts forecast that Alpha and Omega Semiconductor will post 3.61 EPS for the current fiscal year.

In other news, CEO Mike F. Chang sold 56,400 shares of the business’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $55.00, for a total value of $3,102,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael J. Salameh sold 12,500 shares of the business’s stock in a transaction on Monday, April 4th. The stock was sold at an average price of $53.16, for a total value of $664,500.00. Following the completion of the sale, the director now directly owns 58,425 shares in the company, valued at approximately $3,105,873. The disclosure for this sale can be found here. Insiders have sold a total of 74,913 shares of company stock worth $4,055,047 in the last ninety days. 19.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Quadrant LLC CA acquired a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth $42,000. Royal Bank of Canada raised its position in shares of Alpha and Omega Semiconductor by 79.0% during the second quarter. Royal Bank of Canada now owns 1,471 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 649 shares during the period. Covestor Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter worth $47,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth $56,000. Finally, Koshinski Asset Management Inc. raised its position in shares of Alpha and Omega Semiconductor by 75.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 975 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 420 shares during the period. 60.66% of the stock is currently owned by institutional investors.

About Alpha and Omega Semiconductor (Get Rating)

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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