Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 7% – Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 7% during trading on Tuesday . The company traded as high as $41.44 and last traded at $41.51. 99,263 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 540,353 shares. The stock had previously closed at $38.80.

Analyst Ratings Changes

A number of brokerages recently weighed in on AOSL. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley cut their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

Alpha and Omega Semiconductor Price Performance

The firm has a fifty day moving average of $40.40 and a two-hundred day moving average of $37.53. The company has a market capitalization of $1.27 billion, a PE ratio of -64.99 and a beta of 2.47. 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 posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, Director Claudia Chen sold 5,623 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the sale, the director now directly owns 26,572 shares in the company, valued at approximately $1,362,346.44. The trade was a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bing Xue sold 1,242 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the sale, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at $4,037,880. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,124 shares of company stock valued at $2,500,685 in the last quarter. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of the business. IFP Advisors Inc grew its stake in shares of Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 548 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $45,000. Hollencrest Capital Management acquired a new stake in Alpha and Omega Semiconductor during the third quarter worth approximately $56,000. Farther Finance Advisors LLC lifted its position in Alpha and Omega Semiconductor by 10,937.5% in the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth $174,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.