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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares gapped up before the market opened on Thursday . The stock had previously closed at $27.41, but opened at $28.43. Alpha and Omega Semiconductor shares last traded at $29.33, with a volume of 92,246 shares.

Analyst Ratings Changes

A number of research firms have weighed in on AOSL. Stifel Nicolaus dropped their price objective on shares of 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. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley decreased their price objective on 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. Finally, Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The firm has a market cap of $815.45 million, a PE ratio of -43.64 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The business’s fifty day moving average is $34.40 and its 200-day moving average is $34.19.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the sale, the director now owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The trade was a 9.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was 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 approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP bought a new position in Alpha and Omega Semiconductor in the 2nd quarter worth about $36,000. Truvestments Capital LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter worth about $45,000. Point72 DIFC Ltd bought a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $47,000. Hollencrest Capital Management purchased a new position in Alpha and Omega Semiconductor during the third quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth approximately $62,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.