Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped up prior to trading on Monday . The stock had previously closed at $38.63, but opened at $41.66. Alpha and Omega Semiconductor shares last traded at $43.60, with a volume of 143,257 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Finally, B. Riley reduced their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The stock has a 50 day moving average price of $34.50 and a two-hundred day moving average price of $34.99.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The firm had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up .7% compared to the same quarter last year. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Alpha and Omega Semiconductor by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after buying an additional 400 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Alpha and Omega Semiconductor by 4.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after purchasing an additional 508 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Alpha and Omega Semiconductor by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $878,000 after purchasing an additional 511 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 purchasing an additional 893 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $36,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Company Profile

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.