Alpha and Omega Semiconductor (AOSL) Rating Lowered to Sell at Zacks Investment Research

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

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. “

A number of other equities analysts have also recently issued reports on the stock. B. Riley raised their target price on shares of Alpha and Omega Semiconductor from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. BidaskClub cut shares of Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Northland Securities reissued a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor in a report on Friday, November 3rd. Finally, Stifel Nicolaus cut their target price on shares of Alpha and Omega Semiconductor from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Alpha and Omega Semiconductor has an average rating of “Hold” and a consensus price target of $24.67.

Shares of Alpha and Omega Semiconductor (AOSL) traded down $0.35 during midday trading on Tuesday, reaching $13.94. 174,852 shares of the company’s stock were exchanged, compared to its average volume of 95,182. Alpha and Omega Semiconductor has a 1 year low of $13.52 and a 1 year high of $21.73. The company has a market capitalization of $345.71, a PE ratio of 18.10 and a beta of 0.31.

In other news, CFO Yifan Liang sold 15,075 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $17.70, for a total transaction of $266,827.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 11.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,193 shares of the semiconductor company’s stock valued at $270,000 after buying an additional 1,658 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Alpha and Omega Semiconductor by 3.3% during the second quarter. Teachers Advisors LLC now owns 92,115 shares of the semiconductor company’s stock valued at $1,536,000 after buying an additional 2,953 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Alpha and Omega Semiconductor by 4.6% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 129,831 shares of the semiconductor company’s stock valued at $2,164,000 after buying an additional 5,700 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 18.5% during the second quarter. Goldman Sachs Group Inc. now owns 42,712 shares of the semiconductor company’s stock valued at $712,000 after buying an additional 6,653 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Alpha and Omega Semiconductor by 264.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,319 shares of the semiconductor company’s stock valued at $169,000 after buying an additional 7,488 shares during the last quarter. 69.44% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Alpha and Omega Semiconductor (AOSL) Rating Lowered to Sell at Zacks Investment Research” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/13/alpha-and-omega-semiconductor-aosl-rating-lowered-to-sell-at-zacks-investment-research.html.

Alpha and Omega Semiconductor 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).

Get a free copy of the Zacks research report on Alpha and Omega Semiconductor (AOSL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alpha and Omega Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply