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

Zacks Investment Research lowered shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a sell rating in a report released on Monday morning, Zacks.com reports.

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 Tuesday, January 15th.

Shares of NASDAQ:AOSL opened at $10.01 on Monday. Alpha and Omega Semiconductor has a 52-week low of $9.01 and a 52-week high of $16.28. The stock has a market capitalization of $243.40 million, a PE ratio of 14.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.83 and a quick ratio of 1.20.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Alpha and Omega Semiconductor had a return on equity of 4.77% and a net margin of 0.08%. The firm had revenue of $109.10 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same period last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Alpha and Omega Semiconductor will post 0.51 earnings per share for the current fiscal year.

In related news, VP Daniel Kuang Ming Chang sold 9,163 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $11.00, for a total transaction of $100,793.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.00% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Alpha and Omega Semiconductor by 2.3% in the first quarter. Geode Capital Management LLC now owns 242,148 shares of the semiconductor company’s stock worth $2,787,000 after purchasing an additional 5,558 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alpha and Omega Semiconductor by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 45,396 shares of the semiconductor company’s stock worth $523,000 after purchasing an additional 1,153 shares in the last quarter. Citigroup Inc. grew its stake in Alpha and Omega Semiconductor by 43.0% in the first quarter. Citigroup Inc. now owns 8,025 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 2,415 shares in the last quarter. Globeflex Capital L P boosted its stake in Alpha and Omega Semiconductor by 8.7% in the first quarter. Globeflex Capital L P now owns 61,560 shares of the semiconductor company’s stock valued at $709,000 after acquiring an additional 4,907 shares during the period. Finally, Royce & Associates LP boosted its stake in Alpha and Omega Semiconductor by 6.6% in the first quarter. Royce & Associates LP now owns 1,614,916 shares of the semiconductor company’s stock valued at $18,588,000 after acquiring an additional 100,122 shares during the period. 63.70% 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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