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

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

Analysts Set New Price Targets

Several research firms recently weighed in on AOSL. B. Riley reduced their price target 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. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Up 6.8 %

The company has a market capitalization of $1.45 billion, a PE ratio of -69.79 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The stock’s 50 day moving average is $36.16 and its 200 day moving average is $36.18.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) 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 company had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity

In related news, Director Claudia Chen sold 5,623 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the transaction, the director now directly owns 26,572 shares in the company, valued at approximately $1,362,346.44. This represents a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bing Xue sold 875 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the completion of the sale, the executive vice president now directly owns 128,986 shares in the company, valued at $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,182 shares of company stock worth $2,445,473. 16.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its stake in Alpha and Omega Semiconductor by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after acquiring an additional 400 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Alpha and Omega Semiconductor by 4.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 508 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Alpha and Omega Semiconductor by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $878,000 after buying an additional 511 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Alpha and Omega Semiconductor by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after buying an additional 893 shares in the last quarter. Finally, Gladius Capital Management LP bought a new position in Alpha and Omega Semiconductor during the second quarter valued at approximately $36,000. Institutional investors own 78.97% of the company’s stock.

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.