Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 7% – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price was up 7% during trading on Tuesday . The stock traded as high as $41.44 and last traded at $41.51. Approximately 99,263 shares were traded during trading, a decline of 82% from the average daily volume of 540,353 shares. The stock had previously closed at $38.80.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. B. Riley lowered their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus dropped their target price 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.

Alpha and Omega Semiconductor Trading Up 12.4 %

The stock’s 50-day moving average is $40.40 and its two-hundred day moving average is $37.53. The stock has a market cap of $1.27 billion, a P/E ratio of -64.99 and a beta of 2.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million for the quarter, compared to the consensus estimate 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%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total value 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 approximately $13,049,261.75. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lucas S. Chang sold 12,497 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 transaction, the director now owns 25,204 shares in the company, valued at approximately $1,044,957.84. The trade was a 33.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,124 shares of company stock valued at $2,500,685 in the last three months. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOSL. BNP Paribas Financial Markets raised its stake in shares of Alpha and Omega Semiconductor by 4.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after acquiring an additional 508 shares during the period. IFP Advisors Inc raised its stake in shares of Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after buying an additional 548 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 9.0% in the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock valued at $510,000 after purchasing an additional 1,096 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at $45,000. Finally, Wedge Capital Management L L P NC boosted its position in Alpha and Omega Semiconductor by 2.8% during the third quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock worth $1,822,000 after purchasing an additional 1,348 shares during the period. 78.97% of the stock is 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.