Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 7.7% - What's Next?

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. B. Riley decreased their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Benchmark reiterated a "buy" rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. StockNews.com raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Finally, Stifel Nicolaus lowered their target price on 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.

Alpha and Omega Semiconductor Stock Performance

The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -60.86 and a beta of 2.48. The company's 50-day simple moving average is $38.56 and its 200-day simple moving average is $37.65. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share 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 analyst estimates 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 revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,242 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the completion of the sale, the executive vice president now directly owns 115,368 shares in the company, valued at approximately $4,037,880. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Wenjun Li sold 2,183 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,307 shares of company stock worth $2,578,160. 16.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at $45,000. Point72 DIFC Ltd bought a new stake in Alpha and Omega Semiconductor in the second quarter valued at $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $62,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock worth $66,000 after purchasing an additional 1,750 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

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.

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