Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 4.6%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares rose 4.6% on Monday . The stock traded as high as $45.75 and last traded at $45.54. Approximately 40,147 shares changed hands during trading, a decline of 82% from the average daily volume of 226,088 shares. The stock had previously closed at $43.53.

Wall Street Analysts Forecast Growth

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

Alpha and Omega Semiconductor Trading Down 6.8 %

The company has a current ratio of 2.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $35.54 and its 200 day simple moving average is $27.75.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, beating 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 firm had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.13 million. During the same period last year, the firm earned ($0.59) EPS. The company’s revenue was up 13.2% on a year-over-year basis. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several large investors have recently made changes to their positions in AOSL. Jacobs Levy Equity Management Inc. raised its stake in Alpha and Omega Semiconductor by 101.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after purchasing an additional 100,591 shares during the period. Peregrine Capital Management LLC grew its holdings in Alpha and Omega Semiconductor by 46.8% during the 1st 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. The Manufacturers Life Insurance Company raised its position in shares of Alpha and Omega Semiconductor by 8.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after buying an additional 86,366 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 18.9% in the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock worth $9,842,000 after buying an additional 71,000 shares in the last quarter. Finally, Paradiem LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 118.6% in the first quarter. Paradiem LLC now owns 103,410 shares of the semiconductor company’s stock worth $2,279,000 after buying an additional 56,094 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other 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.