Zacks Investment Research cut shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

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 topic of a number of other reports. ValuEngine lowered shares of Alpha and Omega Semiconductor from a hold rating to a sell rating in a research report on Tuesday, September 4th. BidaskClub lowered shares of Alpha and Omega Semiconductor from a buy rating to a hold rating in a research report on Wednesday, June 27th. Finally, TheStreet lowered shares of Alpha and Omega Semiconductor from a b- rating to a c+ rating in a research report on Monday, July 16th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $21.50.

Shares of NASDAQ:AOSL opened at $10.41 on Tuesday. The company has a market cap of $277.52 million, a PE ratio of 15.31 and a beta of 0.25. Alpha and Omega Semiconductor has a one year low of $9.65 and a one year high of $18.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 1.84.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. A.R.T. Advisors LLC bought a new position in shares of Alpha and Omega Semiconductor during the first quarter valued at approximately $167,000. Engineers Gate Manager LP bought a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at approximately $195,000. Virginia Retirement Systems ET AL bought a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at approximately $276,000. Swiss National Bank boosted its stake in shares of Alpha and Omega Semiconductor by 13.1% during the first quarter. Swiss National Bank now owns 34,580 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 14.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,243 shares of the semiconductor company’s stock valued at $631,000 after purchasing an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors own 65.29% 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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