Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Monday . Approximately 99,905 shares were traded during mid-day trading, a decline of 53% from the previous session’s volume of 214,783 shares.The stock last traded at $41.69 and had previously closed at $43.05.

Analysts Set New Price Targets

A number of brokerages recently commented on AOSL. Stifel Nicolaus lifted their price objective on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. B. Riley lifted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Benchmark boosted their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, June 28th.

Alpha and Omega Semiconductor Stock Down 5.7 %

The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -127.26 and a beta of 2.39. The firm has a 50 day simple moving average of $34.33 and a two-hundred day simple moving average of $27.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.10. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The business had revenue of $150.10 million for the quarter, compared to analyst estimates of $150.13 million. During the same quarter last year, the firm earned ($0.59) EPS. Alpha and Omega Semiconductor’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current year.

Institutional Trading of Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after acquiring an additional 40,183 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 8.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after purchasing an additional 86,366 shares during the period. First Eagle Investment Management LLC increased its stake in Alpha and Omega Semiconductor by 18.9% during the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock worth $9,842,000 after purchasing an additional 71,000 shares in the last quarter. Wellington Management Group LLP raised its holdings in Alpha and Omega Semiconductor by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock worth $9,087,000 after buying an additional 55,403 shares during the period. Finally, Peregrine Capital Management LLC lifted its stake in Alpha and Omega Semiconductor by 46.8% in the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock valued at $6,516,000 after buying an additional 94,196 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

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.