Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase - What's Next?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) saw unusually-high trading volume on Friday . Approximately 146,911 shares traded hands during trading, a decline of 42% from the previous session's volume of 252,697 shares.The stock last traded at $31.34 and had previously closed at $29.85.

Analysts Set New Price Targets

AOSL has been the topic of several research reports. StockNews.com raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Wednesday. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a research report on Wednesday, November 6th. Benchmark reissued a "buy" rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, B. Riley lowered their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Down 5.9 %

The company has a market cap of $815.45 million, a price-to-earnings ratio of -43.64 and a beta of 2.42. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $34.40 and a 200-day simple moving average of $34.19.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results 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). The company had revenue of $181.89 million during the quarter, compared to the consensus estimate 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 business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares of the company's stock, valued at $1,265,304.70. This represents a 9.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Wenjun Li sold 2,183 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company's stock.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company's stock valued at $46,843,000 after buying an additional 40,183 shares during the last quarter. State Street Corp lifted its stake in Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company's stock valued at $49,789,000 after acquiring an additional 334,657 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Alpha and Omega Semiconductor by 15.2% in 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 acquiring an additional 169,619 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company's stock worth $17,625,000 after purchasing an additional 25,100 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of 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 valued at $17,503,000 after purchasing an additional 247,051 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.