Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price was up 8.3% on Friday . The company traded as high as $39.56 and last traded at $39.05. Approximately 137,695 shares were traded during trading, a decline of 51% from the average daily volume of 282,226 shares. The stock had previously closed at $36.05.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on AOSL. Stifel Nicolaus cut their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating on the stock in a report on Wednesday, November 6th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Friday, November 22nd. 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. Finally, B. Riley dropped their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.
Check Out Our Latest Research Report on AOSL
Alpha and Omega Semiconductor Stock Performance
The company has a market cap of $1.20 billion, a P/E ratio of -61.90 and a beta of 2.42. The business has a fifty day moving average of $34.67 and a 200 day moving average of $35.16. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company 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 quarter last year, the company posted $0.30 earnings per share. On average, equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.
Insiders Place Their Bets
In related news, COO Wenjun Li sold 2,183 shares of the 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 trade represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at $36,000. Truvestments Capital LLC purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at about $45,000. Point72 DIFC Ltd bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at about $47,000. Hollencrest Capital Management purchased a new position in Alpha and Omega Semiconductor in the third quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth approximately $62,000. Hedge funds and other institutional investors own 78.97% of the company's stock.
About Alpha and Omega Semiconductor
(
Get Free Report)
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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