Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase – Still a Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Friday . Approximately 146,911 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 252,697 shares.The stock last traded at $31.34 and had previously closed at $29.85.

Wall Street Analyst Weigh In

Several research firms have weighed in on AOSL. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley dropped their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th.

Alpha and Omega Semiconductor Trading Down 5.9 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The firm has a market cap of $815.48 million, a PE ratio of -41.93 and a beta of 2.42. The stock has a 50-day simple moving average of $34.32 and a two-hundred day simple moving average of $34.23.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lucas S. Chang sold 3,377 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. This trade represents a 9.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after purchasing an additional 40,183 shares in the last quarter. State Street Corp grew its position in shares of 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 buying an additional 334,657 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after buying an additional 169,619 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 5.7% during the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after buying an additional 31,286 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after acquiring an additional 25,100 shares in 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.