Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 3.6%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 3.6% during trading on Wednesday . The stock traded as high as $21.16 and last traded at $20.91. 45,445 shares changed hands during trading, a decline of 67% from the average session volume of 139,182 shares. The stock had previously closed at $20.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, April 18th. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $34.00 in a research note on Tuesday, January 2nd.

Alpha and Omega Semiconductor Stock Performance

The firm has a 50-day moving average of $22.04 and a 200-day moving average of $23.92. The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $599.82 million, a price-to-earnings ratio of -33.67 and a beta of 2.39.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The company had revenue of $165.29 million during the quarter, compared to the consensus estimate of $165.00 million. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. As a group, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.5 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In related news, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $26.91, for a total value of $807,300.00. Following the completion of the transaction, the chairman now directly owns 4,500,286 shares in the company, valued at approximately $121,102,696.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Mike F. Chang sold 30,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $26.91, for a total value of $807,300.00. Following the completion of the transaction, the chairman now owns 4,500,286 shares of the company’s stock, valued at approximately $121,102,696.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yifan Liang sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $23.31, for a total value of $466,200.00. Following the transaction, the chief financial officer now owns 293,296 shares in the company, valued at approximately $6,836,729.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,649 shares of company stock worth $1,727,692. 17.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AOSL. The Manufacturers Life Insurance Company grew its holdings in shares of Alpha and Omega Semiconductor by 8.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock worth $28,465,000 after buying an additional 86,366 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Alpha and Omega Semiconductor by 24.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock valued at $30,017,000 after purchasing an additional 198,291 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 16.2% during the third quarter. First Eagle Investment Management LLC now owns 393,680 shares of the semiconductor company’s stock worth $11,747,000 after purchasing an additional 54,927 shares during the last quarter. Wellington Management Group LLP grew its holdings in Alpha and Omega Semiconductor by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 181,684 shares of the semiconductor company’s stock worth $5,421,000 after purchasing an additional 6,254 shares in the last quarter. Hedge funds and other institutional investors 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.