Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase Following Analyst Upgrade

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) 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 traded 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.

A number of other brokerages also recently weighed in on AOSL. StockNews.com downgraded Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th. B. Riley decreased their target price 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. Finally, Stifel Nicolaus dropped their price target 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.

Insider Transactions at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of Alpha and Omega Semiconductor stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the completion of the transaction, the chief financial officer now directly owns 265,175 shares in the company, valued at $13,049,261.75. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bing Xue sold 875 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the sale, the executive vice president now directly owns 128,986 shares of the company's stock, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,124 shares of company stock valued at $2,500,685 in the last 90 days. 16.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its holdings in shares of Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 548 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 291 shares in the last quarter. Larson Financial Group LLC bought a new position in Alpha and Omega Semiconductor during the 4th quarter valued at $38,000. Truvestments Capital LLC purchased a new position in Alpha and Omega Semiconductor during the 3rd quarter worth $45,000. Finally, Hollencrest Capital Management bought a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter worth $56,000. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.44. The company's fifty day moving average price is $40.58 and its 200 day moving average price is $37.41. The company has a market cap of $1.04 billion, a PE ratio of -44.71 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

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.