Alpha and Omega Semiconductor (NASDAQ:AOSL) Hits New 52-Week High on Earnings Beat

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $46.33 and last traded at $46.9140, with a volume of 534629 shares traded. The stock had previously closed at $43.75.

The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The company had revenue of $163.79 million during the quarter, compared to analysts’ expectations of $160.07 million. During the same period last year, the business posted ($0.10) earnings per share. The firm’s revenue was down .5% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. B. Riley Financial lifted their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.50.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Mike F. Chang purchased 33,727 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $19.00 per share, for a total transaction of $640,813.00. Following the acquisition, the director owned 4,369,574 shares in the company, valued at $83,021,906. This represents a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at $21,919,507.47. The trade was a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,860 shares of company stock worth $1,913,960 in the last 90 days. Corporate insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Weber Capital Management LLC ADV acquired a new position in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $10,842,000. State Street Corp grew its holdings in Alpha and Omega Semiconductor by 21.6% during the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after acquiring an additional 262,117 shares during the period. Millennium Management LLC raised its position in Alpha and Omega Semiconductor by 57.5% during the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after acquiring an additional 232,817 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after acquiring an additional 158,869 shares during the period. Finally, UBS Group AG lifted its holdings in Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after acquiring an additional 150,254 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Trading Up 1.2%

The firm has a market cap of $1.13 billion, a PE ratio of -10.65 and a beta of 2.58. The company has a 50-day simple moving average of $27.56 and a 200 day simple moving average of $24.05.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.