Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 5.6% – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 5.6% during trading on Wednesday . The stock traded as high as $49.59 and last traded at $49.39. 177,533 shares were traded during mid-day trading, a decline of 43% from the average session volume of 312,910 shares. The stock had previously closed at $46.76.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. B. Riley dropped their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus dropped their target price on shares of 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. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Up 6.8 %

The company’s fifty day simple moving average is $36.16 and its 200 day simple moving average is $36.18. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.45 billion, a P/E ratio of -69.79 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million during 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%. Alpha and Omega Semiconductor’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. Research analysts expect 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, CFO Yifan Liang sold 31,004 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the sale, the chief financial officer now owns 265,175 shares of the company’s stock, valued at $13,049,261.75. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bing Xue sold 875 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at $5,288,426. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,182 shares of company stock worth $2,445,473 over the last ninety days. 16.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after acquiring an additional 334,657 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after purchasing an additional 247,051 shares in the last quarter. The Manufacturers Life Insurance Company grew 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 valued at $48,007,000 after purchasing an additional 169,619 shares during the last quarter. Millennium Management LLC increased its stake in Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after purchasing an additional 123,093 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Alpha and Omega Semiconductor by 172.8% in the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after buying an additional 56,962 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.