Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase Following Analyst Upgrade

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw an uptick in trading volume on Friday after Benchmark raised their price target on the stock from $40.00 to $42.00. Benchmark currently has a buy rating on the stock. 1,227,723 shares changed hands during trading, an increase of 85% from the previous session’s volume of 664,659 shares.The stock last traded at $38.37 and had previously closed at $41.72.

Other research analysts also recently issued reports about the stock. B. Riley decreased their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the transaction, the director now owns 26,572 shares of the company’s stock, valued at approximately $1,362,346.44. The trade was a 17.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bing Xue sold 875 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at $5,288,426. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,124 shares of company stock worth $2,500,685 in the last quarter. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in AOSL. Millennium Management LLC increased 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 purchasing an additional 123,093 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Alpha and Omega Semiconductor by 2.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock valued at $1,822,000 after purchasing an additional 1,348 shares during the last quarter. Eastern Bank purchased a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $174,000. Farther Finance Advisors LLC increased its position in shares of Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $668,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Down 4.5 %

The stock has a market cap of $1.16 billion, a PE ratio of -59.48 and a beta of 2.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company’s 50-day moving average price is $40.69 and its 200 day moving average price is $37.56.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. As a group, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

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.