Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up - Here's What Happened

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $27.41, but opened at $28.43. Alpha and Omega Semiconductor shares last traded at $29.33, with a volume of 92,246 shares.

Analysts Set New Price Targets

AOSL has been the subject of a number of recent research reports. B. Riley dropped 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 report on Tuesday, November 5th. Stifel Nicolaus lowered their price objective on 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. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The firm's 50 day simple moving average is $34.49 and its 200 day simple moving average is $34.22. 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 firm has a market cap of $866.55 million, a PE ratio of -44.19 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (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 the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

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

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Alpha and Omega Semiconductor by 86.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,149 shares of the semiconductor company's stock valued at $2,084,000 after acquiring an additional 25,991 shares during the period. BNP Paribas Financial Markets lifted its stake in Alpha and Omega Semiconductor by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 508 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter worth $45,000. Alpha DNA Investment Management LLC purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter worth $408,000. Finally, Algert Global LLC raised its holdings in shares of Alpha and Omega Semiconductor by 172.8% in the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company's stock valued at $3,338,000 after buying an additional 56,962 shares during the period. 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.