Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 3.6%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares traded up 3.6% during mid-day trading on Wednesday . The stock traded as high as $21.16 and last traded at $20.91. 45,445 shares were traded during trading, a decline of 67% from the average session volume of 139,182 shares. The stock had previously closed at $20.18.

Analyst Upgrades and Downgrades

AOSL has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $28.00 to $34.00 in a report on Tuesday, January 2nd.

Alpha and Omega Semiconductor Trading Up 5.1 %

The stock has a market cap of $599.82 million, a P/E ratio of -33.67 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.52 and a quick ratio of 1.33. The business’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $23.92.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $165.29 million during the quarter, compared to the consensus estimate of $165.00 million. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Alpha and Omega Semiconductor news, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the completion of the sale, the chairman now directly owns 4,500,286 shares in the company, valued at approximately $121,102,696.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bing Xue sold 1,956 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the transaction, the executive vice president now owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The disclosure for this sale can be found here. Insiders have sold a total of 70,649 shares of company stock valued at $1,727,692 over the last ninety days. 17.90% of the stock is owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently modified their holdings of the company. 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 purchasing an additional 86,366 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Alpha and Omega Semiconductor by 24.6% in the third quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock valued at $30,017,000 after acquiring an additional 198,291 shares in the last quarter. First Eagle Investment Management LLC increased its position in Alpha and Omega Semiconductor by 16.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 393,680 shares of the semiconductor company’s stock valued at $11,747,000 after buying an additional 54,927 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Alpha and Omega Semiconductor by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after acquiring an additional 55,403 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 181,684 shares of the semiconductor company’s stock valued at $5,421,000 after buying an additional 6,254 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.