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

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

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 “sell” rating to a “strong sell” rating in a research note on Tuesday, January 15th. Four equities research analysts have rated the stock with a sell rating, The company currently has a consensus rating of “Sell” and an average price target of $14.50.

Alpha and Omega Semiconductor stock opened at $10.67 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $252.63 million, a P/E ratio of 15.69 and a beta of 0.81. Alpha and Omega Semiconductor has a 12 month low of $9.01 and a 12 month high of $17.12.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, February 6th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. Alpha and Omega Semiconductor had a net margin of 0.80% and a return on equity of 4.98%. The business had revenue of $114.90 million during the quarter, compared to analysts’ expectations of $113.40 million. During the same quarter in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Alpha and Omega Semiconductor will post 0.63 earnings per share for the current year.

In related news, CEO Mike F. Chang purchased 36,405 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was bought at an average price of $9.93 per share, with a total value of $361,501.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Salameh bought 14,465 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was purchased 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 acquired a total of 170,936 shares of company stock worth $1,699,343 over the last quarter. 21.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AOSL. Bank of Montreal Can boosted its stake in shares of Alpha and Omega Semiconductor by 315.3% in the fourth quarter. Bank of Montreal Can now owns 3,642 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 2,765 shares during the period. RBF Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at $127,000. Granite Point Capital Management L.P. bought a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $132,000. Campbell & CO Investment Adviser LLC raised its holdings in Alpha and Omega Semiconductor by 15.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 18,518 shares of the semiconductor company’s stock valued at $209,000 after acquiring an additional 2,412 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Alpha and Omega Semiconductor by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 27,965 shares of the semiconductor company’s stock worth $285,000 after buying an additional 1,089 shares in the last quarter. 67.55% of the stock is owned by 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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