Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 6% Higher – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price rose 6% on Wednesday . The company traded as high as $45.23 and last traded at $45.05. Approximately 153,102 shares traded hands during trading, a decline of 54% from the average daily volume of 330,883 shares. The stock had previously closed at $42.51.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AOSL shares. Stifel Nicolaus cut their price objective on 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. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. B. Riley reduced 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 research report on Tuesday, November 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The business’s 50-day moving average price is $37.25 and its two-hundred day moving average price is $36.79. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -56.00 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share 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 company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same period in the previous year, the firm posted $0.30 EPS. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 1,883 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total transaction of $89,216.54. Following the completion of the transaction, the executive vice president now owns 127,103 shares in the company, valued at $6,022,140.14. The trade was a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,065 shares of company stock valued at $2,534,690. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several large investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in shares of Alpha and Omega Semiconductor by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 400 shares during the period. Bank of New York Mellon Corp grew its position in Alpha and Omega Semiconductor by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock worth $6,362,000 after buying an additional 7,312 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Alpha and Omega Semiconductor by 14.6% in the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after buying an additional 43,031 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $116,000. Finally, Versor Investments LP bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $266,000. 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.