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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price gapped up prior to trading on Thursday after B. Riley raised their price target on the stock from $40.00 to $50.00. The stock had previously closed at $37.14, but opened at $39.10. B. Riley currently has a buy rating on the stock. Alpha and Omega Semiconductor shares last traded at $38.51, with a volume of 9,134 shares traded.

A number of other research firms have also weighed in on AOSL. Benchmark raised their price objective on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, April 18th.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the transaction, the executive vice president now owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in Alpha and Omega Semiconductor by 288.5% in the third quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock worth $8,752,000 after acquiring an additional 217,800 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 8.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock worth $28,465,000 after acquiring an additional 86,366 shares during the period. BNP Paribas Financial Markets lifted its stake in Alpha and Omega Semiconductor by 32.1% in the fourth quarter. BNP Paribas Financial Markets now owns 30,629 shares of the semiconductor company’s stock worth $798,000 after acquiring an additional 7,439 shares during the period. New York State Common Retirement Fund lifted its stake in Alpha and Omega Semiconductor by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 26,323 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 2,465 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Alpha and Omega Semiconductor by 7.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 61,072 shares of the semiconductor company’s stock worth $1,592,000 after acquiring an additional 4,189 shares during the period. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Trading Up 6.7 %

The company has a market capitalization of $1.14 billion, a PE ratio of -116.53 and a beta of 2.39. The stock’s 50 day moving average is $30.57 and its two-hundred day moving average is $26.08. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. The business had revenue of $150.10 million during the quarter, compared to analyst estimates 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%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.59) earnings per share. As a group, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current fiscal year.

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.