Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 10.5% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price was up 10.5% during mid-day trading on Thursday . The company traded as high as $47.87 and last traded at $47.6810. Approximately 104,382 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 647,175 shares. The stock had previously closed at $43.15.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AOSL shares. B. Riley Financial lifted their price target 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. Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 price target for the company. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Finally, Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Stock Performance

The firm has a market cap of $1.43 billion, a PE ratio of -13.44 and a beta of 2.55. The firm’s 50-day moving average price is $40.21 and its two-hundred day moving average price is $28.09.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The business had revenue of $163.79 million for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. As a group, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the transaction, the executive vice president directly owned 123,660 shares of the company’s stock, valued at $5,823,149.40. The trade was a 3.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $30.57, for a total transaction of $810,624.69. Following the completion of the transaction, the chief financial officer directly owned 278,628 shares in the company, valued at $8,517,657.96. The trade was a 8.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,368 shares of company stock valued at $2,092,671 in the last ninety days. 16.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently modified their holdings of AOSL. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at $62,000. Strs Ohio acquired a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at $70,000. iSAM Funds UK Ltd acquired a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at $91,000. Tower Research Capital LLC TRC increased its stake in Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 4,222 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Alpha and Omega Semiconductor by 79.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 3,519 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

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.