Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 7.9% – Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) were up 7.9% during trading on Friday . The company traded as high as $35.69 and last traded at $35.65. Approximately 62,996 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 239,920 shares. The stock had previously closed at $33.04.

Wall Street Analyst Weigh In

AOSL has been the topic of a number of research reports. B. Riley boosted their price objective on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus increased their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Alpha and Omega Semiconductor Stock Up 5.1 %

The business has a 50-day simple moving average of $36.41 and a two-hundred day simple moving average of $33.64. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.01 billion, a P/E ratio of -89.85 and a beta of 2.41.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The company had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same period in the prior year, the business posted $0.08 EPS. Alpha and Omega Semiconductor’s revenue was down .1% on a year-over-year basis. Equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now owns 296,294 shares of the company’s stock, valued at $10,548,066.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,560 shares of company stock worth $562,003. Company insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gladius Capital Management LP acquired a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $36,000. Point72 DIFC Ltd bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $62,000. Finally, Farther Finance Advisors LLC increased its position in shares of Alpha and Omega Semiconductor by 10,937.5% in the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 1,750 shares during the last quarter. Institutional investors and hedge funds 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.