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.
Get Alpha and Omega Semiconductor alerts: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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