Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – Should You Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $34.69, but opened at $37.05. Alpha and Omega Semiconductor shares last traded at $34.77, with a volume of 34,787 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on AOSL. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial raised their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.00.

Alpha and Omega Semiconductor Price Performance

The business has a 50 day simple moving average of $42.82 and a 200 day simple moving average of $30.76. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -9.78 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. During the same period last year, the company posted ($0.10) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 8,625 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $35.00, for a total transaction of $301,875.00. Following the transaction, the chief financial officer owned 270,003 shares in the company, valued at $9,450,105. The trade was a 3.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,257 shares of company stock valued at $1,103,598 in the last 90 days. 16.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in AOSL. Northwestern Mutual Wealth Management Co. acquired a new stake in Alpha and Omega Semiconductor in the third quarter worth about $62,000. Strs Ohio acquired a new position in Alpha and Omega Semiconductor during the 1st quarter valued at about $70,000. iSAM Funds UK Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter worth approximately $91,000. Tower Research Capital LLC TRC grew its position in shares of Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after buying an additional 4,222 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Alpha and Omega Semiconductor by 79.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock worth $157,000 after buying an additional 3,519 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.