Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 4.7%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price traded up 4.7% during trading on Friday . The company traded as high as $43.17 and last traded at $43.17. 57,750 shares traded hands during trading, a decline of 76% from the average session volume of 243,140 shares. The stock had previously closed at $41.23.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AOSL shares. B. Riley boosted their target price on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Stifel Nicolaus boosted their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Benchmark raised their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 28th.

Alpha and Omega Semiconductor Stock Up 1.3 %

The business’s fifty day simple moving average is $38.74 and its 200 day simple moving average is $29.35. The company has a current ratio of 2.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -121.26 and a beta of 2.39.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.03 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.19 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the transaction, the chief financial officer now owns 296,294 shares in the company, valued at approximately $10,548,066.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Louisiana State Employees Retirement System increased its position in shares of Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 400 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Alpha and Omega Semiconductor by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $878,000 after acquiring an additional 511 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Alpha and Omega Semiconductor by 3.2% during the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 613 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Alpha and Omega Semiconductor by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 893 shares during the period. Finally, Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

About Alpha and Omega Semiconductor

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.