Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase – Here’s What Happened

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw an uptick in trading volume on Friday . 146,911 shares traded hands during mid-day trading, a decline of 42% from the previous session’s volume of 252,697 shares.The stock last traded at $31.34 and had previously closed at $29.85.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Finally, B. Riley lowered their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

The company has a fifty day moving average price of $34.32 and a two-hundred day moving average price of $34.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company has a market capitalization of $815.48 million, a P/E ratio of -41.93 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The trade was a 9.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.90% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its holdings in shares of Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after purchasing an additional 334,657 shares during the period. Point72 Asset Management L.P. increased its stake in Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares in the last quarter. Millennium Management LLC boosted its position in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after purchasing an additional 100,591 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.