Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Free Report) traded up 7.7% during trading on Friday . The stock traded as high as $41.18 and last traded at $41.27. 273,235 shares traded hands during trading, a decline of 39% from the average session volume of 445,125 shares. The stock had previously closed at $38.31.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on AOSL. B. Riley lowered 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 upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus decreased 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.
View Our Latest Stock Report on Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Price Performance
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Claudia Chen sold 5,623 shares of the firm’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 sale, the director now directly owns 26,572 shares of the company’s stock, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at $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. Insiders have sold a total of 55,307 shares of company stock valued at $2,578,160 in the last 90 days. 16.90% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of AOSL. State Street Corp raised its holdings in shares of Alpha and Omega Semiconductor by 33.2% in the 3rd 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. The Manufacturers Life Insurance Company increased its position in Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after buying an additional 169,619 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 5.7% in the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after buying an additional 31,286 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after buying an additional 25,100 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Alpha and Omega Semiconductor by 110.1% during 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 period. 78.97% of the stock is owned by institutional investors.
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.
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