ValuEngine Lowers Alpha and Omega Semiconductor (AOSL) to Strong Sell

Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, May 13th.

NASDAQ:AOSL opened at $9.21 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.20 and a current ratio of 1.83. Alpha and Omega Semiconductor has a one year low of $9.01 and a one year high of $16.28. The company has a market cap of $223.73 million, a P/E ratio of 13.54 and a beta of 0.82.

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

In other news, VP Daniel Kuang Ming Chang sold 9,163 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $11.00, for a total value of $100,793.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted its position in shares of Alpha and Omega Semiconductor by 315.3% in the 4th quarter. Bank of Montreal Can now owns 3,642 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 2,765 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Alpha and Omega Semiconductor by 427.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,152 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 3,365 shares during the period. Citigroup Inc. lifted its position in shares of Alpha and Omega Semiconductor by 43.0% in the 1st quarter. Citigroup Inc. now owns 8,025 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 2,415 shares during the period. Granite Point Capital Management L.P. acquired a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $132,000. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Alpha and Omega Semiconductor by 15.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 18,518 shares of the semiconductor company’s stock worth $209,000 after purchasing an additional 2,412 shares during the period. Hedge funds and other institutional investors own 63.70% 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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