Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Unusually-High Trading Volume – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares saw an uptick in trading volume on Friday . 146,911 shares traded hands during trading, a decline of 42% from the previous session’s volume of 252,697 shares.The stock last traded at $31.34 and had previously closed at $29.85.

Analyst Ratings Changes

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

Alpha and Omega Semiconductor Price Performance

The firm’s 50-day moving average is $34.40 and its 200-day moving average is $34.19. 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 company has a market capitalization of $848.84 million, a P/E ratio of -44.18 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data 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). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. This represents a 9.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of AOSL. Point72 Asset Management L.P. acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $8,389,000. The Manufacturers Life Insurance Company lifted its holdings 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 worth $48,007,000 after buying an additional 169,619 shares in the last quarter. Millennium Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after acquiring an additional 123,093 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after acquiring an additional 100,591 shares during the period. Finally, Algert Global LLC grew its stake in Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after purchasing an additional 56,962 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.