Alpha and Omega Semiconductor (NASDAQ:AOSL) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

A number of other research analysts have also recently commented on the company. Loop Capital set a $18.00 price objective on Alpha and Omega Semiconductor and gave the company a buy rating in a report on Tuesday, September 17th. B. Riley upped their price objective on Alpha and Omega Semiconductor from $18.00 to $21.00 and gave the company a buy rating in a report on Monday, September 16th. Finally, Zacks Investment Research upgraded Alpha and Omega Semiconductor from a hold rating to a strong-buy rating and set a $13.00 price objective on the stock in a report on Tuesday, August 13th.

Shares of Alpha and Omega Semiconductor stock traded up $0.28 on Wednesday, hitting $12.13. 59,386 shares of the company were exchanged, compared to its average volume of 92,900. The stock has a market capitalization of $284.68 million, a price-to-earnings ratio of 17.33 and a beta of 1.04. The company has a 50-day moving average price of $12.33 and a 200 day moving average price of $10.75. Alpha and Omega Semiconductor has a 1-year low of $8.22 and a 1-year high of $13.67. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.23.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.19. Alpha and Omega Semiconductor had a return on equity of 3.90% and a net margin of 0.41%. The business had revenue of $111.86 million for the quarter, compared to analysts’ expectations of $112.00 million. Research analysts forecast that Alpha and Omega Semiconductor will post 0.59 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOSL. FMR LLC lifted its holdings in Alpha and Omega Semiconductor by 38.5% in the first quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock valued at $15,634,000 after acquiring an additional 377,800 shares during the last quarter. Vanguard Group Inc. raised its position in Alpha and Omega Semiconductor by 11.2% in the second quarter. Vanguard Group Inc. now owns 1,170,735 shares of the semiconductor company’s stock valued at $10,935,000 after purchasing an additional 117,917 shares during the period. Gagnon Securities LLC raised its position in Alpha and Omega Semiconductor by 6.5% in the second quarter. Gagnon Securities LLC now owns 825,251 shares of the semiconductor company’s stock valued at $7,708,000 after purchasing an additional 50,628 shares during the period. Mork Capital Management LLC raised its position in Alpha and Omega Semiconductor by 22.4% in the second quarter. Mork Capital Management LLC now owns 208,000 shares of the semiconductor company’s stock valued at $1,943,000 after purchasing an additional 38,000 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in Alpha and Omega Semiconductor by 65.6% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 67,900 shares of the semiconductor company’s stock valued at $634,000 after purchasing an additional 26,900 shares during the period. Hedge funds and other institutional investors own 62.47% of the company’s stock.

About Alpha and Omega Semiconductor

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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