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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped up before the market opened 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 trading hands.

AOSL has been the topic of several other research reports. B. Riley increased their price target on Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, June 20th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus dropped their target price on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, April 18th.

Insider Transactions at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the sale, the executive vice president now owns 130,082 shares in the company, valued at approximately $2,545,704.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Pineridge Advisors LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter worth $30,000. Summit Global Investments bought a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at about $236,000. Louisiana State Employees Retirement System purchased a new stake in Alpha and Omega Semiconductor in the fourth quarter worth about $294,000. Overbrook Management Corp bought a new position in Alpha and Omega Semiconductor during the 1st quarter worth about $260,000. Finally, Semanteon Capital Management LP purchased a new position in Alpha and Omega Semiconductor during the 4th quarter valued at about $482,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Stock Performance

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

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $150.10 million during the quarter, compared to the consensus estimate of $150.13 million. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. During the same quarter in the previous year, the firm posted ($0.59) earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts expect 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.