Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 8.2% – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares rose 8.2% during mid-day trading on Monday . The company traded as high as $30.41 and last traded at $30.38. Approximately 232,599 shares traded hands during trading, a decline of 9% from the average daily volume of 254,755 shares. The stock had previously closed at $28.09.

Analysts Set New Price Targets

AOSL has been the topic of several research analyst reports. B. Riley lowered their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $882.22 million, a PE ratio of -45.12 and a beta of 2.42. The stock’s 50 day moving average price is $34.26 and its 200-day moving average price is $34.54. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Activity

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 completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the sale, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. The trade was a 9.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. boosted its holdings in Alpha and Omega Semiconductor by 101.8% in the first 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 last quarter. Vanguard Group Inc. boosted its stake in shares of 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 worth $46,843,000 after buying an additional 40,183 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after acquiring an additional 25,100 shares during the period. Millennium Management LLC raised its position 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 valued at $5,130,000 after acquiring an additional 123,093 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Alpha and Omega Semiconductor in the second quarter valued at approximately $8,389,000. 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.