Alpha and Omega Semiconductor (NASDAQ:AOSL) Share Price Passes Above 200-Day Moving Average – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.40 and traded as high as $23.71. Alpha and Omega Semiconductor shares last traded at $23.31, with a volume of 215,491 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research 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 reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Alpha and Omega Semiconductor currently has an average rating of “Reduce” and an average price target of $23.67.

Alpha and Omega Semiconductor Trading Up 2.9%

The firm has a market capitalization of $693.71 million, a price-to-earnings ratio of -6.72 and a beta of 1.99. The stock’s fifty day moving average price is $21.75 and its two-hundred day moving average price is $23.40.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $3,559,000. Acuitas Investments LLC increased its stake in Alpha and Omega Semiconductor by 38.6% in the third quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock valued at $6,736,000 after purchasing an additional 67,100 shares during the period. Boston Partners raised its holdings in shares of Alpha and Omega Semiconductor by 86.4% in the second quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock valued at $28,467,000 after buying an additional 514,240 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 0.5% during the second quarter. Geode Capital Management LLC now owns 601,672 shares of the semiconductor company’s stock worth $15,441,000 after buying an additional 2,785 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter worth about $1,012,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.