Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 7.7% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price traded up 7.7% during mid-day trading on Friday . The company traded as high as $41.18 and last traded at $41.27. 273,235 shares were traded during trading, a decline of 39% from the average session volume of 445,125 shares. The stock had previously closed at $38.31.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus cut 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 research report on Wednesday, November 6th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, B. Riley lowered their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company’s fifty day moving average price is $38.87 and its 200 day moving average price is $37.67. The company has a market cap of $1.21 billion, a PE ratio of -62.09 and a beta of 2.48.

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

Insiders Place Their Bets

In related news, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 265,175 shares in the company, valued at approximately $13,049,261.75. This represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bing Xue sold 875 shares of the firm’s 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 sale, the executive vice president now directly owns 128,986 shares of the company’s stock, 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 quarter, insiders have sold 55,307 shares of company stock valued at $2,578,160. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Alpha and Omega Semiconductor by 42.5% during the third quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company’s stock worth $1,359,000 after purchasing an additional 10,921 shares during the period. Franklin Resources Inc. boosted its holdings in Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after buying an additional 1,096 shares during the period. Barclays PLC grew its stake in Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock valued at $1,498,000 after buying an additional 31,725 shares in the last quarter. Geode Capital Management LLC raised its holdings in Alpha and Omega Semiconductor by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after acquiring an additional 31,286 shares during the period. Finally, Zacks Investment Management lifted its position in shares of Alpha and Omega Semiconductor by 12.1% during the third quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock worth $2,501,000 after acquiring an additional 7,294 shares in the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.