Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 3.6% Higher

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price rose 3.6% during trading on Wednesday . The company traded as high as $21.16 and last traded at $20.91. Approximately 45,445 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 139,182 shares. The stock had previously closed at $20.18.

Analysts Set New Price Targets

A number of research firms have weighed in on AOSL. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. B. Riley raised Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $28.00 to $34.00 in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, April 18th.

Alpha and Omega Semiconductor Trading Up 3.2 %

The company has a market cap of $627.53 million, a price-to-earnings ratio of -35.22 and a beta of 2.39. The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $21.98 and its 200-day moving average price is $23.88.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $165.29 million for the quarter, compared to the consensus estimate of $165.00 million. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,956 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at approximately $2,545,704.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the transaction, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at approximately $2,545,704.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Yifan Liang sold 20,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $23.31, for a total value of $466,200.00. Following the sale, the chief financial officer now owns 293,296 shares of the company’s stock, valued at $6,836,729.76. The disclosure for this sale can be found here. Insiders sold 70,649 shares of company stock valued at $1,727,692 over the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of AOSL. Pineridge Advisors LLC bought a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at $30,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Alpha and Omega Semiconductor by 56.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,496 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 1,979 shares during the period. Summit Global Investments bought a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth $236,000. Finally, WINTON GROUP Ltd bought a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter worth $254,000. 78.97% of the stock is 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.