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

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 108,507 shares traded hands during mid-day trading, a decline of 56% from the previous session's volume of 245,692 shares.The stock last traded at $36.12 and had previously closed at $36.54.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AOSL shares. Benchmark lifted their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, June 28th. B. Riley lifted their price objective on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. Stifel Nicolaus increased their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a "sell" rating in a research note on Thursday, July 18th. Finally, StockNews.com downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Thursday, August 29th.

Alpha and Omega Semiconductor Trading Down 1.7 %

The stock's 50 day moving average is $39.05 and its two-hundred day moving average is $29.80. The company has a quick ratio of 1.29, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.03 billion, a PE ratio of -108.82 and a beta of 2.39.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The company had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.03 million. During the same quarter last year, the company earned $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, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -1.06 EPS for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

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

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently modified their holdings of the company. Pineridge Advisors LLC acquired a new position in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $30,000. Gladius Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. Point72 DIFC Ltd purchased a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at about $47,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the second quarter worth about $62,000. Finally, nVerses Capital LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the second quarter valued at about $116,000. Hedge funds and other 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.