Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Unusually-High Trading Volume

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 58,866 shares changed hands during trading, a decline of 75% from the previous session's volume of 236,285 shares.The stock last traded at $37.50 and had previously closed at $36.03.

Analysts Set New Price Targets

Several research firms have weighed in on AOSL. Benchmark lifted their price objective 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. B. Riley increased their price objective 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, Stifel Nicolaus boosted their target price on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a "sell" rating in a report on Thursday, July 18th.

Alpha and Omega Semiconductor Price Performance

The company has a current ratio of 2.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.05 billion, a PE ratio of -107.21 and a beta of 2.39. The firm has a 50 day moving average of $37.92 and a two-hundred day moving average of $28.82.

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 for the quarter, beating the consensus estimate of $0.04 by $0.05. The firm had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.03 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The company's revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. Research analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the sale, the chief financial officer now owns 296,294 shares of the company's stock, valued at approximately $10,548,066.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 17.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently modified their holdings of AOSL. Vanguard Group Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 1.9% in 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 boosted its holdings in shares of 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 valued at $48,007,000 after purchasing an additional 169,619 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Alpha and Omega Semiconductor by 8.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company's stock worth $28,465,000 after purchasing an additional 86,366 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 5.6% in the second 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 in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Alpha and Omega Semiconductor by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company's stock valued at $9,087,000 after buying an additional 55,403 shares during the last quarter. Institutional investors 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.