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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shot up 8.2% during mid-day trading on Monday . The company traded as high as $41.78 and last traded at $41.78. 297,598 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 326,676 shares. The stock had previously closed at $38.63.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. B. Riley cut their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

Alpha and Omega Semiconductor Stock Performance

The firm has a market cap of $1.13 billion, a PE ratio of -58.00 and a beta of 2.48. The firm’s 50 day simple moving average is $37.71 and its 200 day simple moving average is $37.64. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $180.07 million. During the same period in the previous year, the company posted $0.30 earnings per share. Alpha and Omega Semiconductor’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,883 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total value of $89,216.54. Following the completion of the sale, the executive vice president now directly owns 127,103 shares in the company, valued at $6,022,140.14. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yifan Liang sold 31,004 shares of Alpha and Omega Semiconductor stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the transaction, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,065 shares of company stock valued at $2,534,690 over the last 90 days. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Alpha and Omega Semiconductor in the third quarter worth about $45,000. Point72 DIFC Ltd purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter worth approximately $47,000. Hollencrest Capital Management bought a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter worth approximately $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the 2nd quarter valued at $62,000. Finally, Farther Finance Advisors LLC grew its position in Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 1,750 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other 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.