Alpha and Omega Semiconductor (AOSL) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a research note released on Thursday.

AOSL has been the subject of several other research reports. Zacks Investment Research raised Alpha and Omega Semiconductor from a sell rating to a hold rating in a report on Tuesday, April 10th. BidaskClub cut Alpha and Omega Semiconductor from a hold rating to a sell rating in a report on Saturday, July 14th. Stifel Nicolaus cut Alpha and Omega Semiconductor from a hold rating to a sell rating and decreased their price objective for the company from $16.00 to $13.00 in a report on Monday, May 14th. Finally, TheStreet cut Alpha and Omega Semiconductor from a b- rating to a c+ rating in a report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $21.75.

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AOSL traded down $0.10 on Thursday, reaching $13.28. 50,872 shares of the stock were exchanged, compared to its average volume of 115,854. Alpha and Omega Semiconductor has a fifty-two week low of $12.92 and a fifty-two week high of $18.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 1.81. The stock has a market cap of $318.56 million, a P/E ratio of 23.89 and a beta of 0.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, May 2nd. The semiconductor company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. Alpha and Omega Semiconductor had a return on equity of 4.27% and a net margin of 4.24%. The company had revenue of $102.90 million during the quarter, compared to analysts’ expectations of $101.78 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. analysts predict that Alpha and Omega Semiconductor will post 0.57 EPS for the current fiscal year.

In other news, VP Daniel Kuang Ming Chang sold 9,481 shares of the business’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $15.92, for a total value of $150,937.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.70% of the company’s stock.

Several hedge funds have recently modified their holdings of AOSL. A.R.T. Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $167,000. Engineers Gate Manager LP purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $195,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $204,000. Victory Capital Management Inc. purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $245,000. Finally, Virginia Retirement Systems ET AL purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $276,000. 67.67% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited and its subsidiaries design, develop, and supply various power semiconductors. It offers various power discrete products, including low, medium, and high voltage power metal-oxide-semiconductor field-effect transistors (MOSFETs); and SRFETs, XSFET, electrostatic discharges, protected MOSFETs, and insulated gate bipolar transistors, which are used for routing current and switching voltages in power control circuits.

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Reliance Steel & Aluminum Co (RS) Holdings Increased by Deroy & Devereaux Private Investment

Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Reliance Steel & Aluminum Co (NYSE:RS) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 229,801 shares of the industrial products company’s stock after acquiring an additional 848 shares during the quarter. Reliance Steel & Aluminum accounts for approximately 2.1% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 11th largest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Reliance Steel & Aluminum were worth $20,117,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in shares of Reliance Steel & Aluminum by 11.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 8,476 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 863 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of Reliance Steel & Aluminum during the 4th quarter valued at about $633,000. Global X Management Co. LLC increased its position in shares of Reliance Steel & Aluminum by 198.0% during the 1st quarter. Global X Management Co. LLC now owns 15,053 shares of the industrial products company’s stock valued at $1,291,000 after purchasing an additional 10,002 shares during the last quarter. ARP Americas LP bought a new position in shares of Reliance Steel & Aluminum during the 1st quarter valued at about $652,000. Finally, Alps Advisors Inc. increased its position in shares of Reliance Steel & Aluminum by 153.4% during the 1st quarter. Alps Advisors Inc. now owns 8,109 shares of the industrial products company’s stock valued at $695,000 after purchasing an additional 4,909 shares during the last quarter. 81.18% of the stock is currently owned by hedge funds and other institutional investors.

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RS has been the topic of several recent research reports. Zacks Investment Research upgraded Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, April 17th. ValuEngine upgraded Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Jefferies Financial Group upgraded Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Tuesday, July 10th. JPMorgan Chase & Co. raised their price target on Reliance Steel & Aluminum from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Cowen raised their price target on Reliance Steel & Aluminum from $107.00 to $112.00 and gave the stock an “outperform” rating in a research report on Monday, April 30th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Reliance Steel & Aluminum has a consensus rating of “Buy” and a consensus target price of $98.13.

In other news, VP Stephen Paul Koch sold 12,645 shares of Reliance Steel & Aluminum stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $95.75, for a total value of $1,210,758.75. Following the sale, the vice president now directly owns 19,020 shares in the company, valued at approximately $1,821,165. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Michael Patrick Shanley sold 4,069 shares of Reliance Steel & Aluminum stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $96.50, for a total value of $392,658.50. Following the completion of the sale, the vice president now owns 27,890 shares in the company, valued at $2,691,385. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,914 shares of company stock worth $2,389,633. Corporate insiders own 3.24% of the company’s stock.

Reliance Steel & Aluminum traded down $1.49, hitting $88.52, on Thursday, according to MarketBeat.com. 4,336 shares of the company were exchanged, compared to its average volume of 445,270. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.06 and a quick ratio of 1.76. Reliance Steel & Aluminum Co has a 12 month low of $68.46 and a 12 month high of $97.41. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.04 and a beta of 1.19.

Reliance Steel & Aluminum (NYSE:RS) last posted its quarterly earnings results on Thursday, July 26th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.35. Reliance Steel & Aluminum had a return on equity of 12.29% and a net margin of 7.55%. The business had revenue of $2.99 billion for the quarter. During the same quarter in the previous year, the business earned $1.40 earnings per share. Reliance Steel & Aluminum’s revenue was up 20.8% compared to the same quarter last year. sell-side analysts anticipate that Reliance Steel & Aluminum Co will post 9.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $2.00 annualized dividend and a yield of 2.26%. Reliance Steel & Aluminum’s payout ratio is 36.76%.

Reliance Steel & Aluminum Profile

Reliance Steel & Aluminum Co operates as a metals service center company in the United States and internationally. The company provides steel, aluminum, stainless, and specialty metals and related processing services to customers in various industries, such as infrastructure and energy; fabricates steel and aluminum products; and provides various precision fabrication services, including laser cutting, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise.

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