Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up to $35.77

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $35.77, but opened at $37.00. Alpha and Omega Semiconductor shares last traded at $36.71, with a volume of 22,710 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AOSL shares. B. Riley increased their price objective on Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, June 20th. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Wednesday, March 6th. Stifel Nicolaus lowered their target price on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, April 18th. Finally, Benchmark lifted their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday.

Alpha and Omega Semiconductor Stock Performance

The company has a market cap of $1.07 billion, a price-to-earnings ratio of -109.91 and a beta of 2.33. The firm has a 50-day simple moving average of $27.93 and a 200 day simple moving average of $25.36. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.10. The business had revenue of $150.10 million for the quarter, compared to analysts' expectations of $150.13 million. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.59) EPS. On average, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 1,956 shares of the business's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the transaction, the executive vice president now owns 130,082 shares in the company, valued at approximately $2,545,704.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in Alpha and Omega Semiconductor during the fourth quarter worth $30,000. Summit Global Investments purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $236,000. Overbrook Management Corp acquired a new stake in shares of Alpha and Omega Semiconductor in the first quarter valued at about $260,000. Louisiana State Employees Retirement System purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter worth about $294,000. Finally, Price T Rowe Associates Inc. MD grew its position in Alpha and Omega Semiconductor by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company's stock worth $433,000 after buying an additional 893 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

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.