Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a hold rating to a sell rating in a report released on Wednesday 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. “

Separately, ValuEngine cut Alpha and Omega Semiconductor from a sell rating to a strong sell rating in a research note on Wednesday, September 12th. Four research analysts have rated the stock with a sell rating, The stock has a consensus rating of Sell and an average target price of $14.50.

AOSL opened at $10.17 on Wednesday. Alpha and Omega Semiconductor has a 12 month low of $9.01 and a 12 month high of $17.96. The firm has a market cap of $241.92 million, a P/E ratio of 14.96 and a beta of 0.68. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.22.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Thursday, November 1st. The semiconductor company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Alpha and Omega Semiconductor had a return on equity of 5.43% and a net margin of 2.75%. The firm had revenue of $115.07 million during the quarter, compared to analysts’ expectations of $115.00 million. As a group, research analysts forecast that Alpha and Omega Semiconductor will post 0.63 EPS for the current fiscal year.

In related news, Director Michael J. Salameh bought 14,465 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of $10.37 per share, with a total value of $150,002.05. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mike F. Chang bought 36,405 shares of the stock in a transaction that occurred on Monday, December 10th. The shares were bought at an average cost of $9.93 per share, with a total value of $361,501.65. The disclosure for this purchase can be found here. Insiders have purchased a total of 56,800 shares of company stock valued at $570,804 over the last three months. 21.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC grew its stake in Alpha and Omega Semiconductor by 21.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 77,339 shares of the semiconductor company’s stock worth $899,000 after purchasing an additional 13,498 shares in the last quarter. IndexIQ Advisors LLC lifted its holdings in Alpha and Omega Semiconductor by 3.9% during the 3rd 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 last quarter. RBF Capital LLC purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $127,000. Jefferies Group LLC lifted its holdings in Alpha and Omega Semiconductor by 79.6% during the 3rd 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 last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Alpha and Omega Semiconductor by 5.2% during the 3rd 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 last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

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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