Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 7.4% – Here’s Why

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 7.4% on Wednesday . The company traded as high as $37.20 and last traded at $37.3290. 336,260 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 673,052 shares. The stock had previously closed at $34.77.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AOSL. B. Riley Financial upped their price objective on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. 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. Finally, Stifel Nicolaus lifted their price target on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.00.

Alpha and Omega Semiconductor Price Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of -10.43 and a beta of 2.55. The business’s fifty day moving average price is $43.18 and its 200 day moving average price is $30.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.06. The business had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.Alpha and Omega Semiconductor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 4,916 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total value of $231,494.44. Following the sale, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the sale, the chief executive officer directly owned 635,901 shares of the company’s stock, valued at $21,919,507.47. This represents a 2.29% decrease in their position. 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 a total of 62,368 shares of company stock valued at $2,092,671 over the last ninety days. 16.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently bought and sold shares of the company. Weber Capital Management LLC ADV acquired a new stake in Alpha and Omega Semiconductor during the 4th quarter worth about $10,842,000. JPMorgan Chase & Co. grew its stake in Alpha and Omega Semiconductor by 72.4% during the third 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 during the period. Acuitas Investments LLC grew its stake in Alpha and Omega Semiconductor by 38.6% during the third 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 during the period. Massachusetts Financial Services Co. MA bought a new stake in Alpha and Omega Semiconductor in the fourth quarter worth approximately $563,000. Finally, Royce & Associates LP increased its holdings in Alpha and Omega Semiconductor by 10.9% in the fourth quarter. Royce & Associates LP now owns 474,015 shares of the semiconductor company’s stock worth $9,390,000 after purchasing an additional 46,662 shares in the last quarter. 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.