Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Unusually-High Trading Volume Following Analyst Upgrade

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw strong trading volume on Friday after Benchmark raised their price target on the stock from $40.00 to $42.00. Benchmark currently has a buy rating on the stock. 1,227,723 shares changed hands during mid-day trading, an increase of 85% from the previous session’s volume of 664,659 shares.The stock last traded at $38.37 and had previously closed at $41.72.

Other equities analysts have also issued reports about the stock. B. Riley decreased their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus cut their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday.

Insider Activity

In related news, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the transaction, the executive vice president now directly owns 128,986 shares in the company, valued at approximately $5,288,426. This trade represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total value of $1,525,706.84. Following the sale, the chief financial officer now owns 265,175 shares in the company, valued at approximately $13,049,261.75. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,124 shares of company stock valued at $2,500,685. 16.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of 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 purchasing an additional 123,093 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Alpha and Omega Semiconductor by 2.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock worth $1,822,000 after acquiring an additional 1,348 shares in the last quarter. Eastern Bank purchased a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at about $174,000. Farther Finance Advisors LLC raised its position in shares of Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in Alpha and Omega Semiconductor during the third quarter worth approximately $668,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -57.38 and a beta of 2.47. 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 stock has a fifty day moving average of $40.69 and a 200-day moving average of $37.56.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

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.