Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up Following Analyst Upgrade

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up prior to trading on Friday after Benchmark raised their price target on the stock from $28.00 to $42.00. The stock had previously closed at $35.77, but opened at $37.00. Benchmark currently has a buy rating on the stock. Alpha and Omega Semiconductor shares last traded at $36.71, with a volume of 22,710 shares changing hands.

A number of other analysts have also issued reports on AOSL. Stifel Nicolaus decreased their price objective on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, B. Riley boosted their price objective on shares of Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, June 20th.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,956 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total value of $38,278.92. Following the transaction, the executive vice president now directly owns 130,082 shares in the company, valued at $2,545,704.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AOSL. Pineridge Advisors LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth about $30,000. Summit Global Investments bought a new position in Alpha and Omega Semiconductor during the fourth quarter valued at approximately $236,000. Overbrook Management Corp bought a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter worth approximately $260,000. Louisiana State Employees Retirement System purchased a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $294,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 893 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

The business’s 50-day moving average is $27.93 and its 200 day moving average is $25.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 2.47. The company has a market cap of $1.07 billion, a PE ratio of -109.91 and a beta of 2.33.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $150.10 million during the quarter, compared to analyst estimates of $150.13 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. Alpha and Omega Semiconductor’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.59) EPS. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current fiscal year.

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.