Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 8.3% Higher – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price traded up 8.3% during mid-day trading on Friday . The company traded as high as $39.56 and last traded at $39.05. 137,695 shares were traded during trading, a decline of 51% from the average session volume of 282,226 shares. The stock had previously closed at $36.05.

Wall Street Analysts Forecast Growth

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

Alpha and Omega Semiconductor Stock Up 16.8 %

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 market cap of $1.22 billion, a PE ratio of -58.28 and a beta of 2.42. The company has a 50 day moving average price of $34.54 and a two-hundred day moving average price of $35.00.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS 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 during the quarter, compared to the consensus estimate of $180.07 million. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue was up .7% on a year-over-year basis. Analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction 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 approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $36,000. Truvestments Capital LLC acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $45,000. Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $47,000. Hollencrest Capital Management acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $62,000. Institutional investors own 78.97% of the company’s stock.

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.