Alpha and Omega Semiconductor (AOSL) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a sell rating in a report released on Wednesday morning.

According to Zacks, “Alpha and Omega Semiconductor Limited is engaged in designing, developing and supplying a broad range of power semiconductors globally, including a portfolio of Power MOSFET and Power IC products. The Company seeks to differentiate itself by integrating its expertise in device physics, process technology, design and advanced packaging to optimize product performance and cost. Its portfolio of products targets high-volume end-market applications, such as notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players and power supplies. The products are incorporated into devices by original equipment manufacturers, or OEMs. The Company utilizes third-party foundries for all of its wafer fabrication and it deploys and implements its proprietary MOSFET processes at these third party foundries. The Company relies upon its in-house capacity and an associated provider for most of its packaging and testing requirements. “

Separately, ValuEngine downgraded shares of Alpha and Omega Semiconductor from a hold rating to a sell rating in a research report on Tuesday, September 4th. Four equities research analysts have rated the stock with a sell rating, The stock has an average rating of Sell and a consensus price target of $14.50.

Shares of AOSL stock traded down $0.05 on Wednesday, hitting $10.56. 644 shares of the stock traded hands, compared to its average volume of 91,492. The company has a market capitalization of $248.82 million, a price-to-earnings ratio of 15.59 and a beta of 0.68. Alpha and Omega Semiconductor has a 52 week low of $9.01 and a 52 week high of $17.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.67 and a quick ratio of 1.09.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $115.07 million for the quarter, compared to the consensus estimate of $115.00 million. Alpha and Omega Semiconductor had a net margin of 2.75% and a return on equity of 5.43%. Equities research analysts expect that Alpha and Omega Semiconductor will post 0.63 earnings per share for the current fiscal year.

In related news, CEO Mike F. Chang purchased 36,405 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, December 10th. The shares were bought at an average cost of $9.93 per share, for a total transaction of $361,501.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Salameh purchased 14,465 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, November 20th. The stock was bought at an average price of $10.37 per share, for a total transaction of $150,002.05. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 56,800 shares of company stock worth $570,804. 21.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Alpha and Omega Semiconductor by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,098,700 shares of the semiconductor company’s stock valued at $15,645,000 after acquiring an additional 83,800 shares during the last quarter. Strs Ohio grew its stake in shares of Alpha and Omega Semiconductor by 13.1% in the 3rd quarter. Strs Ohio now owns 53,400 shares of the semiconductor company’s stock worth $621,000 after buying an additional 6,200 shares in the last quarter. Royce & Associates LP grew its stake in shares of Alpha and Omega Semiconductor by 15.7% in the 3rd quarter. Royce & Associates LP now owns 1,358,419 shares of the semiconductor company’s stock worth $15,798,000 after buying an additional 184,789 shares in the last quarter. Northern Trust Corp grew its stake in shares of Alpha and Omega Semiconductor by 3.9% in the 2nd quarter. Northern Trust Corp now owns 254,077 shares of the semiconductor company’s stock worth $3,617,000 after buying an additional 9,620 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Alpha and Omega Semiconductor by 46.2% in the 3rd quarter. Victory Capital Management Inc. now owns 26,876 shares of the semiconductor company’s stock worth $313,000 after buying an additional 8,490 shares in the last quarter. Institutional investors own 66.15% 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 worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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