Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 8.3% – Here’s Why

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) were up 8.3% during mid-day trading on Friday . The company traded as high as $39.56 and last traded at $39.05. Approximately 137,695 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 282,226 shares. The stock had previously closed at $36.05.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AOSL shares. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Stifel Nicolaus cut their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Finally, B. Riley lowered their price target on 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 Price Performance

The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -61.90 and a beta of 2.42. 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 business has a fifty day moving average price of $34.67 and a 200 day moving average price of $35.16.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued 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 business had revenue of $181.89 million for the quarter, compared to analyst estimates 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%. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the business posted $0.30 earnings per share. On average, research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently bought and sold shares of AOSL. Vanguard Group Inc. boosted its position in Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after acquiring an additional 40,183 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after acquiring an additional 893 shares during the period. Public Employees Retirement System of Ohio boosted its position in Alpha and Omega Semiconductor by 51.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 21,993 shares of the semiconductor company’s stock worth $485,000 after acquiring an additional 7,453 shares during the period. SG Americas Securities LLC acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $1,040,000. Finally, Gladius Capital Management LP acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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 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.