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

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, December 2nd.

AOSL has been the topic of several other reports. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Alpha and Omega Semiconductor in a research note on Sunday, August 13th. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, September 7th. Finally, Northland Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.

Alpha and Omega Semiconductor (NASDAQ:AOSL) opened at $17.18 on Friday. Alpha and Omega Semiconductor has a one year low of $14.81 and a one year high of $23.62. The firm has a market cap of $420.18, a price-to-earnings ratio of 28.66 and a beta of 0.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). The company had revenue of $104.90 million for the quarter, compared to analyst estimates of $103.15 million. Alpha and Omega Semiconductor had a net margin of 3.92% and a return on equity of 4.85%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. equities research analysts predict that Alpha and Omega Semiconductor will post 0.64 EPS for the current fiscal year.

In related news, VP Daniel Kuang Ming Chang sold 3,588 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $17.19, for a total transaction of $61,677.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC bought a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $177,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $178,000. Alliancebernstein L.P. purchased a new position in shares of Alpha and Omega Semiconductor during the second quarter worth approximately $227,000. Ameriprise Financial Inc. purchased a new position in shares of Alpha and Omega Semiconductor during the second quarter worth approximately $238,000. Finally, First Trust Advisors LP purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $256,000. Institutional investors own 70.52% of the company’s stock.

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Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).

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