Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 4.7%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price was up 4.7% on Friday . The company traded as high as $43.17 and last traded at $43.17. Approximately 57,750 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 243,140 shares. The stock had previously closed at $41.23.

Analysts Set New Price Targets

A number of analysts have weighed in on AOSL shares. Benchmark upped their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, June 28th. Stifel Nicolaus increased their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a "sell" rating in a report on Thursday, July 18th. B. Riley increased their target price on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. Finally, StockNews.com cut Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Thursday.

Alpha and Omega Semiconductor Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -122.97 and a beta of 2.39. The firm has a 50 day moving average price of $38.93 and a 200-day moving average price of $29.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.03 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The firm's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current fiscal year.

Insider Activity

In other news, CFO Yifan Liang sold 10,000 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now owns 296,294 shares of the company's stock, valued at $10,548,066.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the transaction, the chief financial officer now owns 296,294 shares of the company's stock, valued at $10,548,066.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in AOSL. Point72 Asset Management L.P. acquired a new position in Alpha and Omega Semiconductor in the second quarter valued at about $8,389,000. The Manufacturers Life Insurance Company raised its position in shares of Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company's stock worth $48,007,000 after purchasing an additional 169,619 shares during the period. Millennium Management LLC raised its position in shares of Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company's stock worth $5,130,000 after purchasing an additional 123,093 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company's stock worth $4,394,000 after purchasing an additional 100,591 shares during the period. Finally, Peregrine Capital Management LLC raised its position in shares of Alpha and Omega Semiconductor by 46.8% during the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company's stock worth $6,516,000 after purchasing an additional 94,196 shares during the period. Institutional investors and hedge funds own 78.97% of the company's stock.

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.