Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Loop Capital assumed coverage on Alpha and Omega Semiconductor in a report on Tuesday, June 18th. They issued a buy rating and a $13.00 price target for the company. Zacks Investment Research raised Alpha and Omega Semiconductor from a sell rating to a hold rating in a report on Monday, July 1st.

Shares of Alpha and Omega Semiconductor stock traded down $0.03 on Thursday, reaching $9.52. 75,872 shares of the company were exchanged, compared to its average volume of 61,960. Alpha and Omega Semiconductor has a 1-year low of $8.22 and a 1-year high of $16.26. The company has a market capitalization of $246.56 million, a P/E ratio of 15.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.20 and a current ratio of 1.83. The stock’s 50 day moving average is $9.20.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. MUFG Securities EMEA plc acquired a new position in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $244,000. FMR LLC boosted its holdings in Alpha and Omega Semiconductor by 9.8% in the fourth quarter. FMR LLC now owns 980,500 shares of the semiconductor company’s stock valued at $9,991,000 after purchasing an additional 87,300 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Alpha and Omega Semiconductor by 427.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,152 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 3,365 shares in the last quarter. Royce & Associates LP lifted 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 buying an additional 100,122 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new stake in Alpha and Omega Semiconductor in the first quarter valued at approximately $229,000. 63.67% of the stock is 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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