Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Strong Trading Volume – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Tuesday . Approximately 265,556 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 326,904 shares.The stock last traded at $40.30 and had previously closed at $43.02.

Analyst Ratings Changes

AOSL has been the topic of a number of analyst reports. B. Riley dropped their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped 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 research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $37.22 and a 200 day simple moving average of $36.78. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -63.37 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Alpha and Omega Semiconductor’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the transaction, the director now owns 26,572 shares in the company, valued at approximately $1,362,346.44. The trade was a 17.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,065 shares of company stock worth $2,534,690. 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 added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Alpha and Omega Semiconductor by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 508 shares in the last quarter. Franklin Resources Inc. grew its holdings in Alpha and Omega Semiconductor by 9.0% during the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after acquiring an additional 1,096 shares during the period. Truvestments Capital LLC bought a new stake in Alpha and Omega Semiconductor in the third quarter worth about $45,000. Finally, Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at about $47,000. 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.