Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 8.2% - Here's What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price rose 8.2% during trading on Monday . The stock traded as high as $41.78 and last traded at $41.78. Approximately 297,598 shares were traded during trading, a decline of 9% from the average daily volume of 326,676 shares. The stock had previously closed at $38.63.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their target price 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. Benchmark reiterated a "buy" rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Finally, B. Riley lowered their price objective on shares of 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.

Alpha and Omega Semiconductor Stock Up 5.0 %

The business's 50-day simple moving average is $37.58 and its 200 day simple moving average is $37.54. The firm has a market cap of $1.18 billion, a PE ratio of -60.54 and a beta of 2.48. 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 earnings results 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). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million for the quarter, compared to analysts' expectations of $180.07 million. During the same quarter in the prior year, the company earned $0.30 EPS. The firm's quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the firm'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 value of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Claudia Chen sold 5,623 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,065 shares of company stock worth $2,534,690. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. State Street Corp increased its holdings in shares of Alpha and Omega Semiconductor by 33.2% during 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 in the last quarter. The Manufacturers Life Insurance Company increased its stake in Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company's stock valued at $48,007,000 after purchasing an additional 169,619 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 5.7% in the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company's stock worth $21,486,000 after buying an additional 31,286 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company's stock worth $17,625,000 after buying an additional 25,100 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock valued at $17,503,000 after buying an additional 247,051 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other 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.