Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase on Analyst Upgrade

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares saw unusually-high trading volume on Friday after Benchmark raised their price target on the stock from $40.00 to $42.00. Benchmark currently has a buy rating on the stock. Approximately 1,227,723 shares were traded during mid-day trading, an increase of 85% from the previous session’s volume of 664,659 shares.The stock last traded at $38.37 and had previously closed at $41.72.

AOSL has been the subject of a number of other research reports. B. Riley reduced their target price 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. Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, January 13th. The shares were sold at an average price of $35.00, for a total value of $43,470.00. Following the transaction, the executive vice president now owns 115,368 shares in the company, valued at $4,037,880. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lucas S. Chang sold 12,497 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total value of $518,125.62. Following the sale, the director now owns 25,204 shares of the company’s stock, valued at approximately $1,044,957.84. The trade was a 33.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,124 shares of company stock worth $2,500,685. 16.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in Alpha and Omega Semiconductor by 33.2% during the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after purchasing an additional 334,657 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Alpha and Omega Semiconductor by 110.1% in the third 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. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $8,014,000. Millennium Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares in the last quarter. Finally, Algert Global LLC increased its holdings in Alpha and Omega Semiconductor by 172.8% in the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock valued at $3,338,000 after purchasing an additional 56,962 shares in the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Down 7.9 %

The firm has a 50-day simple moving average of $40.69 and a 200 day simple moving average of $37.56. The company has a market capitalization of $1.11 billion, a PE ratio of -57.38 and a beta of 2.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. On average, research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 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.