Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) saw strong trading volume on Tuesday . 265,556 shares changed hands during mid-day trading, a decline of 19% from the previous session's volume of 326,904 shares.The stock last traded at $40.30 and had previously closed at $43.02.

Analyst Ratings Changes

Several research firms recently issued reports on AOSL. StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Wednesday, December 11th. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a report on Wednesday, November 6th. Benchmark reaffirmed a "buy" rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research 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 on the stock in a research report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Down 1.2 %

The firm has a market cap of $1.23 billion, a P/E ratio of -60.67 and a beta of 2.48. 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 stock's 50 day simple moving average is $36.96 and its two-hundred day simple moving average is $36.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $180.07 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Alpha and Omega Semiconductor's quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Activity

In related news, EVP Bing Xue sold 1,883 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total value of $89,216.54. Following the completion of the transaction, the executive vice president now directly owns 127,103 shares of the company's stock, valued at approximately $6,022,140.14. This represents a 1.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Claudia Chen sold 5,623 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction 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. The trade was a 17.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,065 shares of company stock valued at $2,534,690. 16.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Louisiana State Employees Retirement System increased its position in shares of Alpha and Omega Semiconductor by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock worth $437,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Alpha and Omega Semiconductor by 4.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company's stock valued at $403,000 after acquiring an additional 508 shares during the period. SummerHaven Investment Management LLC raised 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 valued at $878,000 after purchasing an additional 511 shares during the last quarter. Franklin Resources Inc. boosted its stake in Alpha and Omega Semiconductor by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock worth $510,000 after purchasing an additional 1,096 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Alpha and Omega Semiconductor in the third quarter valued at $45,000. 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.