Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 18.2% After Earnings Beat

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 18.2% during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $26.34 and last traded at $26.33. 137,062 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 138,010 shares. The stock had previously closed at $22.28.

The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.10. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. The business had revenue of $150.10 million during the quarter, compared to analyst estimates of $150.13 million. During the same quarter in the previous year, the company posted ($0.59) earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was up 13.2% on a year-over-year basis.

Analyst Upgrades and Downgrades

AOSL has been the subject of several research analyst reports. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th.

Insider Activity

In other news, EVP Bing Xue sold 14,292 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $22.77, for a total transaction of $325,428.84. Following the sale, the executive vice president now directly owns 131,291 shares of the company’s stock, valued at $2,989,496.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Bing Xue sold 14,292 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $22.77, for a total transaction of $325,428.84. Following the completion of the transaction, the executive vice president now directly owns 131,291 shares of the company’s stock, valued at approximately $2,989,496.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Yifan Liang sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $23.31, for a total value of $466,200.00. Following the transaction, the chief financial officer now directly owns 293,296 shares of the company’s stock, valued at $6,836,729.76. The disclosure for this sale can be found here. Insiders have sold a total of 40,649 shares of company stock worth $920,392 over the last 90 days. 17.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James & Associates boosted its holdings in Alpha and Omega Semiconductor by 10.0% in the third quarter. Raymond James & Associates now owns 17,977 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 1,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Alpha and Omega Semiconductor by 56.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,496 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 1,979 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Alpha and Omega Semiconductor in the third quarter valued at approximately $310,000. Paradiem LLC raised its holdings in Alpha and Omega Semiconductor by 16.3% during the third quarter. Paradiem LLC now owns 119,614 shares of the semiconductor company’s stock worth $3,569,000 after purchasing an additional 16,761 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at $393,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $761.53 million, a PE ratio of -42.75 and a beta of 2.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.33 and a current ratio of 2.52. The stock’s 50-day moving average is $22.06 and its 200 day moving average is $23.51.

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.