Alpha and Omega Semiconductor Limited (AOSL) Downgraded by Zacks Investment Research to Hold

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, July 4th.

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. “

AOSL has been the subject of a number of other reports. B. Riley restated a “buy” rating and set a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a report on Wednesday, March 8th. TheStreet upgraded shares of Alpha and Omega Semiconductor Limited from a “c+” rating to a “b-” rating in a report on Friday, May 5th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded down 0.55% during trading on Tuesday, hitting $17.94. The company’s stock had a trading volume of 55,427 shares. Alpha and Omega Semiconductor Limited has a one year low of $14.00 and a one year high of $23.93. The company has a 50-day moving average price of $17.59 and a 200-day moving average price of $18.53. The stock has a market cap of $426.79 million, a PE ratio of 37.22 and a beta of 0.25.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, May 3rd. The semiconductor company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.12. Alpha and Omega Semiconductor Limited had a net margin of 3.09% and a return on equity of 4.25%. The business had revenue of $93.30 million for the quarter, compared to analyst estimates of $92.10 million. During the same quarter last year, the business earned ($0.06) earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts predict that Alpha and Omega Semiconductor Limited will post $0.80 EPS for the current fiscal year.

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In related news, VP Daniel Kuang Ming Chang sold 6,891 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $18.83, for a total value of $129,757.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan bought a new stake in Alpha and Omega Semiconductor Limited during the second quarter worth about $468,000. Russell Investments Group Ltd. increased its stake in Alpha and Omega Semiconductor Limited by 29.7% in the second quarter. Russell Investments Group Ltd. now owns 232,968 shares of the semiconductor company’s stock worth $3,883,000 after buying an additional 53,282 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Alpha and Omega Semiconductor Limited by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,059 shares of the semiconductor company’s stock worth $620,000 after buying an additional 551 shares during the last quarter. Credit Suisse AG increased its position in Alpha and Omega Semiconductor Limited by 116.9% in the first quarter. Credit Suisse AG now owns 50,910 shares of the semiconductor company’s stock worth $875,000 after buying an additional 27,437 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Alpha and Omega Semiconductor Limited by 24.2% in the first quarter. AQR Capital Management LLC now owns 491,373 shares of the semiconductor company’s stock worth $8,447,000 after buying an additional 95,847 shares in the last quarter. Institutional investors own 71.29% of the company’s stock.

Alpha and Omega Semiconductor Limited 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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