Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 8.2% – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares were up 8.2% on Monday . The stock traded as high as $30.41 and last traded at $30.38. Approximately 232,599 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 254,755 shares. The stock had previously closed at $28.09.

Analyst Ratings Changes

A number of equities analysts recently commented on AOSL shares. B. Riley reduced their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. 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. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

Alpha and Omega Semiconductor Trading Up 9.0 %

The company has a 50 day moving average of $34.32 and a two-hundred day moving average of $34.41. 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 stock has a market capitalization of $888.90 million, a PE ratio of -45.19 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million during the quarter, compared to analysts’ expectations 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%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. Sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 9.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $36,000. Truvestments Capital LLC purchased a new stake in Alpha and Omega Semiconductor in the 3rd quarter worth $45,000. Point72 DIFC Ltd acquired a new position in Alpha and Omega Semiconductor during the second quarter worth $47,000. Hollencrest Capital Management purchased a new position in Alpha and Omega Semiconductor during the third quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $62,000. Institutional investors and hedge funds 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.