Alpha and Omega Semiconductor (NASDAQ:AOSL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

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 lowered Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. Four research analysts have rated the stock with a sell rating, The company currently has a consensus rating of “Sell” and an average price target of $14.50.

Shares of NASDAQ AOSL traded down $0.33 during trading hours on Thursday, reaching $10.07. The stock had a trading volume of 4,854 shares, compared to its average volume of 94,103. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 1.67. The firm has a market capitalization of $247.40 million, a price-to-earnings ratio of 14.81 and a beta of 0.68. Alpha and Omega Semiconductor has a 52-week low of $9.01 and a 52-week high of $17.96.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Thursday, November 1st. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $115.07 million during the quarter, compared to analyst estimates of $115.00 million. Alpha and Omega Semiconductor had a return on equity of 5.43% and a net margin of 2.75%. Analysts forecast that Alpha and Omega Semiconductor will post 0.63 earnings per share for the current year.

In other news, Director Michael J. Salameh purchased 14,465 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $10.37 per share, for a total transaction of $150,002.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mike F. Chang purchased 3,930 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average price of $10.00 per share, with a total value of $39,300.00. The disclosure for this purchase can be found here. 21.00% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. TIAA CREF Investment Management LLC lifted its holdings in Alpha and Omega Semiconductor by 21.1% during the third quarter. TIAA CREF Investment Management LLC now owns 77,339 shares of the semiconductor company’s stock worth $899,000 after buying an additional 13,498 shares during the period. IndexIQ Advisors LLC lifted its holdings in Alpha and Omega Semiconductor by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 147,136 shares of the semiconductor company’s stock worth $1,711,000 after buying an additional 5,557 shares during the period. RBF Capital LLC purchased a new stake in Alpha and Omega Semiconductor during the third quarter worth $127,000. Jefferies Group LLC lifted its holdings in Alpha and Omega Semiconductor by 79.6% during the third quarter. Jefferies Group LLC now owns 32,162 shares of the semiconductor company’s stock worth $374,000 after buying an additional 14,251 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Alpha and Omega Semiconductor by 5.2% during the third quarter. Renaissance Technologies LLC now owns 1,155,700 shares of the semiconductor company’s stock worth $13,441,000 after buying an additional 57,000 shares during the period. Institutional investors own 66.15% 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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