Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 7% Higher - Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) rose 7% during mid-day trading on Tuesday . The stock traded as high as $41.44 and last traded at $41.51. Approximately 99,263 shares traded hands during trading, a decline of 82% from the average daily volume of 540,353 shares. The stock had previously closed at $38.80.

Analyst Upgrades and Downgrades

AOSL has been the topic of several recent analyst reports. StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research note on Wednesday. Benchmark increased their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday. Stifel Nicolaus lowered 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 research note on Wednesday, November 6th. Finally, 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 research note on Tuesday, November 5th.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $1.16 billion, a PE ratio of -59.48 and a beta of 2.47. The stock's 50 day moving average is $40.69 and its two-hundred day moving average is $37.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Claudia Chen sold 5,623 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the sale, the director now owns 26,572 shares in the company, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bing Xue sold 875 shares of the firm's stock in a transaction that occurred on 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 owns 128,986 shares of the company's stock, valued at $5,288,426. This represents a 0.67 % decrease in their position. 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 ninety days. 16.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alpha and Omega Semiconductor by 86.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,149 shares of the semiconductor company's stock worth $2,084,000 after acquiring an additional 25,991 shares in the last quarter. State Street Corp lifted its position in shares of Alpha and Omega Semiconductor by 33.2% during the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company's stock worth $49,789,000 after purchasing an additional 334,657 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter worth $702,000. Algert Global LLC lifted its position in shares of Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company's stock worth $3,338,000 after purchasing an additional 56,962 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Alpha and Omega Semiconductor by 367.4% during the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company's stock worth $1,498,000 after purchasing an additional 31,725 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

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.