Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 8.2% – Should You Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares were up 8.2% on Monday . The stock traded as high as $41.78 and last traded at $41.78. Approximately 297,598 shares changed hands during trading, a decline of 9% from the average daily volume of 326,676 shares. The stock had previously closed at $38.63.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, B. Riley cut their price target 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.

Alpha and Omega Semiconductor Stock Performance

The firm has a 50-day simple moving average of $37.58 and a 200 day simple moving average of $37.54. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -60.54 and a beta of 2.48. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share 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 business had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the company posted $0.30 EPS. Alpha and Omega Semiconductor’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Claudia Chen sold 5,623 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total transaction of $288,291.21. Following the sale, the director now owns 26,572 shares in the company, valued at approximately $1,362,346.44. This trade represents a 17.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,065 shares of company stock worth $2,534,690. Company insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. State Street Corp increased its stake in Alpha and Omega Semiconductor by 33.2% during 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. The Manufacturers Life Insurance Company increased its stake 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 during the period. Geode Capital Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 5.7% in the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after acquiring an additional 31,286 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after buying an additional 25,100 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Alpha and Omega Semiconductor by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares in 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.