Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Strong Trading Volume After Analyst Upgrade

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Tuesday after B. Riley Financial raised their price target on the stock from $19.00 to $25.00. B. Riley Financial currently has a neutral rating on the stock. Approximately 539,734 shares were traded during trading, an increase of 67% from the previous session’s volume of 324,078 shares.The stock last traded at $30.6460 and had previously closed at $27.39.

Several other analysts also recently weighed in on AOSL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, Director Mike F. Chang acquired 33,727 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of $19.00 per share, for a total transaction of $640,813.00. Following the completion of the acquisition, the director directly owned 4,369,574 shares of the company’s stock, valued at $83,021,906. The trade was a 0.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Bing Xue sold 2,408 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $21.92, for a total value of $52,783.36. Following the completion of the sale, the executive vice president owned 113,631 shares of the company’s stock, valued at $2,490,791.52. The trade was a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.70% of the stock is currently owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at about $62,000. CWM LLC raised its holdings in shares of Alpha and Omega Semiconductor by 20.0% in the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 386 shares in the last quarter. Strs Ohio bought a new stake in shares of Alpha and Omega Semiconductor in the first quarter valued at about $70,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at about $91,000. 78.97% of the stock is currently owned by institutional investors.

Alpha and Omega Semiconductor Price Performance

The firm has a fifty day moving average of $22.19 and a two-hundred day moving average of $22.87. The stock has a market capitalization of $904.11 million, a P/E ratio of -8.76 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.