Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.

AOSL has been the subject of a number of other reports. BidaskClub downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Zacks Investment Research raised Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, August 14th. Finally, TheStreet downgraded Alpha and Omega Semiconductor from a “b-” rating to a “c+” rating in a report on Monday, July 16th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.50.

NASDAQ AOSL traded down $0.59 during trading on Wednesday, reaching $12.70. 102,100 shares of the company’s stock were exchanged, compared to its average volume of 111,093. The company has a market capitalization of $323.34 million, a price-to-earnings ratio of 18.68 and a beta of 0.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.84 and a quick ratio of 1.26. Alpha and Omega Semiconductor has a 1 year low of $12.55 and a 1 year high of $18.72.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 8th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.22. The company had revenue of $109.90 million during the quarter, compared to the consensus estimate of $108.43 million. Alpha and Omega Semiconductor had a return on equity of 5.34% and a net margin of 3.38%. Alpha and Omega Semiconductor’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. equities research analysts expect that Alpha and Omega Semiconductor will post 0.85 earnings per share for the current year.

In other Alpha and Omega Semiconductor news, VP Daniel Kuang Ming Chang sold 9,481 shares of Alpha and Omega Semiconductor stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $15.92, for a total transaction of $150,937.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of AOSL. Foundry Partners LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $4,362,000. Royce & Associates LP lifted its holdings in shares of Alpha and Omega Semiconductor by 18.6% in the 2nd quarter. Royce & Associates LP now owns 1,173,630 shares of the semiconductor company’s stock valued at $16,712,000 after purchasing an additional 184,014 shares during the last quarter. Gagnon Securities LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 30.0% in the 2nd quarter. Gagnon Securities LLC now owns 583,286 shares of the semiconductor company’s stock valued at $8,306,000 after purchasing an additional 134,607 shares during the last quarter. Gagnon Advisors LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 51.1% in the 2nd quarter. Gagnon Advisors LLC now owns 354,216 shares of the semiconductor company’s stock valued at $5,044,000 after purchasing an additional 119,745 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,098,700 shares of the semiconductor company’s stock valued at $15,645,000 after purchasing an additional 83,800 shares during the last quarter. 65.30% of the stock is owned by institutional investors and hedge funds.

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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