Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 11% Higher – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price was up 11% on Tuesday . The company traded as high as $46.85 and last traded at $46.31. Approximately 384,785 shares traded hands during trading, a decline of 35% from the average daily volume of 587,716 shares. The stock had previously closed at $41.72.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AOSL shares. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.50.

Alpha and Omega Semiconductor Price Performance

The company has a market cap of $1.48 billion, a PE ratio of -13.86 and a beta of 2.58. The company has a 50-day moving average of $33.15 and a 200 day moving average of $25.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate 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 analyst estimates of $160.07 million. During the same quarter last year, the business posted ($0.10) earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Equities research analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Weber Capital Management LLC ADV bought a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter valued at approximately $10,842,000. State Street Corp raised its stake in shares of 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 valued at $29,203,000 after acquiring an additional 262,117 shares in the last quarter. Millennium Management LLC raised its stake in shares of 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 raised its stake in shares of Alpha and Omega Semiconductor by 12.7% during 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 in the last quarter. Finally, UBS Group AG raised its stake in shares of Alpha and Omega Semiconductor by 224.7% during 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 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 (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.