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

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

Wall Street Analyst Weigh In

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

Alpha and Omega Semiconductor Trading Up 5.0 %

The business’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $37.54. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.18 billion, a PE ratio of -60.54 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 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 analyst estimates 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 company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. As a group, analysts expect 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, Director Lucas S. Chang sold 12,497 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total value of $518,125.62. Following the completion of the transaction, the director now directly owns 25,204 shares in the company, valued at approximately $1,044,957.84. This represents a 33.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yifan Liang sold 31,004 shares of the firm’s stock in a transaction dated 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. In the last ninety days, insiders have sold 54,065 shares of company stock valued at $2,534,690. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of AOSL. BNP Paribas Financial Markets boosted its position in Alpha and Omega Semiconductor by 4.9% in the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 508 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 9.0% during the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 1,096 shares during the period. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at about $45,000. Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth $47,000. Finally, Wedge Capital Management L L P NC raised its position in shares of Alpha and Omega Semiconductor by 2.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock valued at $1,822,000 after acquiring an additional 1,348 shares during the last quarter. 78.97% of the stock is currently 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.