Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 5.6% Higher – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price rose 5.6% on Wednesday . The stock traded as high as $49.59 and last traded at $49.39. Approximately 177,533 shares were traded during trading, a decline of 43% from the average daily volume of 312,910 shares. The stock had previously closed at $46.76.

Analyst Upgrades and Downgrades

AOSL has been the subject of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus decreased their price objective on shares of 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. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, B. Riley decreased their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Alpha and Omega Semiconductor Trading Down 4.5 %

The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $36.34.

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

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the sale, the director now owns 26,572 shares of the company’s stock, valued at approximately $1,362,346.44. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Yifan Liang sold 31,004 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total value of $1,525,706.84. Following the completion of the transaction, the chief financial officer now owns 265,175 shares of the company’s stock, valued at $13,049,261.75. The trade was a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,182 shares of company stock worth $2,445,473 over the last 90 days. Insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in AOSL. State Street Corp boosted its position in 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 buying an additional 334,657 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after purchasing an additional 169,619 shares during the period. Geode Capital Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 5.7% in the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after purchasing an additional 31,286 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Alpha and Omega Semiconductor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after purchasing an additional 25,100 shares during the period. Finally, Point72 Asset Management L.P. raised its position in Alpha and Omega Semiconductor by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after purchasing an additional 247,051 shares during the last quarter. 78.97% of the stock is currently owned by 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.