Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase – Here’s Why

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-strong trading volume on Wednesday . Approximately 596,331 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 279,998 shares.The stock last traded at $35.74 and had previously closed at $39.68.

Analyst Ratings Changes

A number of research firms have recently commented on AOSL. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. B. Riley cut their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Down 9.1 %

The company has a market capitalization of $1.05 billion, a PE ratio of -53.34 and a beta of 2.42. The company’s fifty day moving average is $34.50 and its 200-day moving average is $34.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter last year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently made changes to their positions in AOSL. State Street Corp raised its holdings in shares of Alpha and Omega Semiconductor by 33.2% during the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after acquiring an additional 334,657 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after purchasing an additional 169,619 shares during the last quarter. Millennium Management LLC boosted its stake in Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after buying an additional 123,093 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after acquiring an additional 100,591 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.