Zacks Investment Research Upgrades Alpha and Omega Semiconductor (AOSL) to “Hold”

Zacks Investment Research upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a research note published on Friday.

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. “

Several other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Alpha and Omega Semiconductor from a sell rating to a strong sell rating in a research note on Wednesday, September 12th. BidaskClub downgraded shares of Alpha and Omega Semiconductor from a sell rating to a strong sell rating in a research note on Thursday, August 2nd. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The company has an average rating of Sell and a consensus price target of $14.50.

NASDAQ AOSL opened at $11.23 on Friday. Alpha and Omega Semiconductor has a 52-week low of $9.01 and a 52-week high of $17.96. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.22. The firm has a market cap of $262.14 million, a PE ratio of 16.34 and a beta of 0.67.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $115.07 million during 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%. On average, equities analysts expect that Alpha and Omega Semiconductor will post 0.63 EPS for the current year.

In other Alpha and Omega Semiconductor news, CEO Mike F. Chang purchased 3,930 shares of the stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $10.00 per share, with a total value of $39,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Salameh purchased 14,465 shares of the stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $10.37 per share, with a total value of $150,002.05. The disclosure for this purchase can be found here. Insiders own 21.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AOSL. IndexIQ Advisors LLC lifted its stake in Alpha and Omega Semiconductor by 10.4% in the second quarter. IndexIQ Advisors LLC now owns 141,579 shares of the semiconductor company’s stock worth $2,016,000 after purchasing an additional 13,378 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at about $276,000. Engineers Gate Manager LP bought a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at about $195,000. Strs Ohio raised its stake in shares of Alpha and Omega Semiconductor by 9.5% during the second quarter. Strs Ohio now owns 47,200 shares of the semiconductor company’s stock valued at $672,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Alpha and Omega Semiconductor by 14.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,243 shares of the semiconductor company’s stock valued at $631,000 after acquiring an additional 5,500 shares during the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Company Profile

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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