Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded by Wall Street Zen to Hold Rating

Alpha and Omega Semiconductor (NASDAQ:AOSL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research analysts have also commented on the company. Stifel Nicolaus cut their price objective on Alpha and Omega Semiconductor from $29.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, October 8th. Benchmark dropped their target price on shares of Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, B. Riley reiterated a “neutral” rating and issued a $24.00 price target (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average price target of $24.33.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $21.24 on Friday. Alpha and Omega Semiconductor has a 52-week low of $15.90 and a 52-week high of $50.00. The company has a 50-day simple moving average of $24.76 and a 200 day simple moving average of $25.80. The company has a market capitalization of $638.47 million, a PE ratio of -6.54 and a beta of 1.93.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its stake in Alpha and Omega Semiconductor by 7.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 329,208 shares of the semiconductor company’s stock worth $8,447,000 after purchasing an additional 22,500 shares in the last quarter. Peregrine Capital Management LLC grew its position in shares of Alpha and Omega Semiconductor by 27.3% during the second quarter. Peregrine Capital Management LLC now owns 222,739 shares of the semiconductor company’s stock valued at $5,715,000 after purchasing an additional 47,719 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $437,000. Boston Partners increased its stake in Alpha and Omega Semiconductor by 29.3% in the 2nd quarter. Boston Partners now owns 769,687 shares of the semiconductor company’s stock worth $19,751,000 after acquiring an additional 174,550 shares during the last quarter. Finally, Clearline Capital LP purchased a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter worth approximately $9,267,000. Institutional investors 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.