Alpha and Omega Semiconductor (AOSL) Rating Lowered 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 research note released on Thursday 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 cut Alpha and Omega Semiconductor from a sell rating to a strong sell rating in a research note on Wednesday, September 12th. Four investment analysts have rated the stock with a sell rating, The stock currently has a consensus rating of Sell and a consensus price target of $14.50.

Shares of Alpha and Omega Semiconductor stock opened at $9.94 on Thursday. The firm has a market capitalization of $236.45 million, a price-to-earnings ratio of 14.62 and a beta of 0.68. Alpha and Omega Semiconductor has a 12-month low of $9.01 and a 12-month high of $17.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 1.67.

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

In related news, Director Michael J. Salameh bought 14,465 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average price of $10.37 per share, with a total value of $150,002.05. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mike F. Chang bought 3,930 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $39,300.00. The disclosure for this purchase can be found here. 21.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its position in Alpha and Omega Semiconductor by 21.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 77,339 shares of the semiconductor company’s stock valued at $899,000 after acquiring an additional 13,498 shares in the last quarter. IndexIQ Advisors LLC boosted its position in Alpha and Omega Semiconductor by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 147,136 shares of the semiconductor company’s stock valued at $1,711,000 after acquiring an additional 5,557 shares in the last quarter. RBF Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor during the third quarter valued at approximately $127,000. Jefferies Group LLC boosted its position in shares of Alpha and Omega Semiconductor by 79.6% during the third quarter. Jefferies Group LLC now owns 32,162 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 14,251 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Alpha and Omega Semiconductor by 5.2% during the third quarter. Renaissance Technologies LLC now owns 1,155,700 shares of the semiconductor company’s stock valued at $13,441,000 after purchasing an additional 57,000 shares in the last quarter. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

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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