Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 16.7% – Here’s Why

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) rose 16.7% during trading on Wednesday . The stock traded as high as $21.16 and last traded at $20.84. Approximately 203,226 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 611,404 shares. The stock had previously closed at $17.86.

Analysts Set New Price Targets

AOSL has been the subject of a number of research analyst reports. Benchmark raised their price objective on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.

Alpha and Omega Semiconductor Stock Up 27.9 %

The company has a 50-day simple moving average of $29.99 and a 200 day simple moving average of $34.85. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $671.84 million, a P/E ratio of -28.55 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data 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 negative net margin of 3.46% and a negative return on equity of 0.23%. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,242 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the transaction, the executive vice president now directly owns 115,368 shares in the company, valued at approximately $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 548 shares during the last quarter. Sterling Capital Management LLC increased its stake in Alpha and Omega Semiconductor by 820.7% during the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 673 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock worth $34,000 after buying an additional 291 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Alpha and Omega Semiconductor during the 4th quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Alpha and Omega Semiconductor during the 4th quarter valued at approximately $39,000. 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.