Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw an uptick in trading volume on Thursday . 58,866 shares traded hands during mid-day trading, a decline of 75% from the previous session’s volume of 236,285 shares.The stock last traded at $37.50 and had previously closed at $36.03.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AOSL. B. Riley upped their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus lifted their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a report on Thursday, July 18th. Finally, Benchmark boosted their target price on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, June 28th.

Alpha and Omega Semiconductor Stock Up 5.2 %

The company’s fifty day simple moving average is $38.08 and its 200-day simple moving average is $28.90. The firm has a market capitalization of $1.10 billion, a PE ratio of -112.74 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The firm had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.03 million. During the same period in the previous year, the business earned $0.08 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lucas S. Chang sold 3,377 shares of the business’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 sale, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The disclosure for this sale can be found here. Insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AOSL. Vanguard Group Inc. increased its holdings in Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after buying an additional 40,183 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after acquiring an additional 169,619 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 8.6% during 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. First Eagle Investment Management LLC lifted its position in Alpha and Omega Semiconductor by 5.6% during 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 purchasing an additional 25,100 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Alpha and Omega Semiconductor by 18.9% in the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares during the last quarter. 78.97% of the stock is currently 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.