Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 7.9% - Here's What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares traded up 7.9% during mid-day trading on Friday . The company traded as high as $35.69 and last traded at $35.65. 62,996 shares changed hands during trading, a decline of 74% from the average session volume of 239,920 shares. The stock had previously closed at $33.04.

Analysts Set New Price Targets

Several research analysts recently commented on AOSL shares. B. Riley raised their target price on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a "sell" rating in a research note on Thursday, July 18th.

Alpha and Omega Semiconductor Stock Up 2.9 %

The stock has a market cap of $986.34 million, a price-to-earnings ratio of -89.03 and a beta of 2.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The firm's 50-day simple moving average is $36.41 and its two-hundred day simple moving average is $33.64.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $161.30 million during the quarter, compared to analysts' expectations of $160.03 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. On average, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction on 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the transaction, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Yifan Liang sold 10,000 shares of the firm's 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 sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,560 shares of company stock valued at $562,003 over the last ninety days. Insiders own 16.90% of the company's stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of AOSL. Vanguard Group Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company's stock worth $46,843,000 after buying an additional 40,183 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position 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 worth $48,007,000 after buying an additional 169,619 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd 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 last quarter. Peregrine Capital Management LLC increased its position in shares of Alpha and Omega Semiconductor by 14.6% in the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company's stock valued at $12,657,000 after acquiring an additional 43,031 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Alpha and Omega Semiconductor during the second quarter valued at approximately $8,389,000. 78.97% of the stock is currently 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.