Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $38.87, but opened at $40.89. Alpha and Omega Semiconductor shares last traded at $39.9540, with a volume of 162,283 shares changing hands.

Analysts Set New Price Targets

AOSL has been the subject of a number of analyst reports. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial boosted their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a “buy” rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.50.

Alpha and Omega Semiconductor Stock Performance

The business’s 50 day moving average price is $30.46 and its two-hundred day moving average price is $24.57. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -10.85 and a beta of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.10) EPS. On average, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -1.65 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,832 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.21, for a total value of $57,176.72. Following the completion of the sale, the executive vice president directly owned 132,617 shares of the company’s stock, valued at approximately $4,138,976.57. This represents a 1.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mike F. Chang purchased 33,727 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, March 9th. The stock was bought at an average cost of $19.00 per share, with a total value of $640,813.00. Following the completion of the purchase, the director owned 4,369,574 shares in the company, valued at approximately $83,021,906. This trade represents a 0.78% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 59,860 shares of company stock valued at $1,913,960. 16.70% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Weber Capital Management LLC ADV bought a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $10,842,000. Acuitas Investments LLC raised its holdings in shares of Alpha and Omega Semiconductor by 38.6% in the 3rd quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock worth $6,736,000 after purchasing an additional 67,100 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Alpha and Omega Semiconductor by 72.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company’s stock worth $4,441,000 after purchasing an additional 66,723 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $563,000. Finally, Numerai GP LLC raised its holdings in shares of Alpha and Omega Semiconductor by 37.6% in the 3rd quarter. Numerai GP LLC now owns 89,695 shares of the semiconductor company’s stock worth $2,508,000 after purchasing an additional 24,492 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

About Alpha and Omega Semiconductor

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.