Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $27.41, but opened at $28.43. Alpha and Omega Semiconductor shares last traded at $29.33, with a volume of 92,246 shares.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AOSL shares. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. B. Riley reduced their price objective on 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. Finally, StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday.

Alpha and Omega Semiconductor Trading Up 7.0 %

The company has a market cap of $851.74 million, a P/E ratio of -43.82 and a beta of 2.42. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $34.49 and a two-hundred day moving average price of $34.22.

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

Insider Activity at Alpha and Omega Semiconductor

In related news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its position 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 during the period. BNP Paribas Financial Markets boosted its position in shares of Alpha and Omega Semiconductor by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock worth $403,000 after buying an additional 508 shares during the period. SummerHaven Investment Management LLC boosted its position 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 buying an additional 511 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Alpha and Omega Semiconductor by 3.2% during the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after buying an additional 613 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position 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 buying an additional 893 shares during the period. 78.97% of the stock is currently owned by institutional investors.

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.