Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 8.3% Higher – Time to Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) were up 8.3% during mid-day trading on Friday . The stock traded as high as $39.56 and last traded at $39.05. Approximately 137,695 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 282,226 shares. The stock had previously closed at $36.05.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AOSL shares. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. 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. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Up 16.8 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company has a 50 day simple moving average of $34.54 and a 200 day simple moving average of $35.00. The company has a market capitalization of $1.22 billion, a PE ratio of -58.28 and a beta of 2.42.

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

Insider Activity at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the company’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 value of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AOSL. State Street Corp lifted its stake in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after purchasing an additional 334,657 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after purchasing an additional 247,051 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after purchasing an additional 169,619 shares in the last quarter. Millennium Management LLC lifted its stake in Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 123,093 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Alpha and Omega Semiconductor by 172.8% during the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after purchasing an additional 56,962 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.