Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up After Insider Buying Activity

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $20.12, but opened at $21.45. Alpha and Omega Semiconductor shares last traded at $20.7640, with a volume of 121,978 shares trading hands.

Specifically, Director Mike F. Chang bought 33,727 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average price of $19.00 per share, with a total value of $640,813.00. Following the completion of the acquisition, the director directly owned 4,369,574 shares in the company, valued at approximately $83,021,906. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AOSL. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Stifel Nicolaus cut their price objective on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, February 6th. Zacks Research cut Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $23.67.

Alpha and Omega Semiconductor Stock Up 7.4%

The stock has a market cap of $642.82 million, a price-to-earnings ratio of -6.22 and a beta of 1.99. The company’s 50-day simple moving average is $21.75 and its 200-day simple moving average is $23.89.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The company had revenue of $162.26 million for the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. Alpha and Omega Semiconductor’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 634.8% during the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 895 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Alpha and Omega Semiconductor by 49.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock worth $39,000 after buying an additional 504 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $62,000. CWM LLC lifted its stake in Alpha and Omega Semiconductor by 20.0% during the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 386 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Alpha and Omega Semiconductor in the first quarter worth about $70,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

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.