Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a research note released on Saturday morning.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, October 8th. B. Riley reissued a “neutral” rating and set a $24.00 price objective (down from $40.00) on shares of Alpha and Omega Semiconductor in a report on Thursday, November 6th. Benchmark reduced their target price on shares of Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Finally, Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $29.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and an average price target of $24.33.

Alpha and Omega Semiconductor Trading Down 1.1%

NASDAQ AOSL opened at $21.24 on Friday. The stock’s 50 day moving average is $24.76 and its two-hundred day moving average is $25.83. The company has a market capitalization of $638.47 million, a price-to-earnings ratio of -6.54 and a beta of 1.93. Alpha and Omega Semiconductor has a 1-year low of $15.90 and a 1-year high of $50.00.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently added to or reduced their stakes in AOSL. Invesco Ltd. raised its stake in shares of Alpha and Omega Semiconductor by 409.1% in the first quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company’s stock worth $18,881,000 after acquiring an additional 610,336 shares during the last quarter. Boston Partners grew its stake in shares of Alpha and Omega Semiconductor by 2,738.7% during the first quarter. Boston Partners now owns 595,137 shares of the semiconductor company’s stock valued at $14,782,000 after purchasing an additional 574,172 shares during the last quarter. Clearline Capital LP acquired a new stake in shares of Alpha and Omega Semiconductor in the first quarter valued at approximately $9,267,000. Wellington Management Group LLP raised its position in Alpha and Omega Semiconductor by 43.4% in the 1st quarter. Wellington Management Group LLP now owns 908,043 shares of the semiconductor company’s stock worth $22,574,000 after purchasing an additional 274,698 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Alpha and Omega Semiconductor by 57.5% during the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after buying an additional 232,817 shares in the last quarter. Institutional investors own 78.97% 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 in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.