Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Strong Trading Volume – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares saw unusually-high trading volume on Tuesday . Approximately 890,707 shares changed hands during trading, an increase of 206% from the previous session’s volume of 290,749 shares.The stock last traded at $45.88 and had previously closed at $41.39.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AOSL shares. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Monday. B. Riley reduced 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 note on Tuesday, November 5th. Finally, Benchmark restated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Up 11.4 %

The company has a market capitalization of $1.34 billion, a P/E ratio of -68.48 and a beta of 2.48. The business’s fifty day moving average price is $34.81 and its 200 day moving average price is $35.31. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share 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 company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in shares of Alpha and Omega Semiconductor in the second quarter worth $36,000. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at about $45,000. Point72 DIFC Ltd acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $47,000. Hollencrest Capital Management bought a new stake in Alpha and Omega Semiconductor during the third quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Alpha and Omega Semiconductor during the second quarter valued at approximately $62,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.