Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 18.2% on Earnings Beat

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

The semiconductor company reported ($0.04) EPS for the quarter, topping 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 firm had revenue of $150.10 million for the quarter, compared to analysts’ expectations of $150.13 million. During the same quarter in the previous year, the company earned ($0.59) earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AOSL shares. Stifel Nicolaus dropped 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. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the sale, the executive vice president now owns 130,082 shares in the company, valued at $2,545,704.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Yifan Liang sold 20,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 293,296 shares of the company’s stock, valued at approximately $6,836,729.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now directly owns 130,082 shares in the company, valued at approximately $2,545,704.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,649 shares of company stock valued at $920,392. 17.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AOSL. Algert Global LLC bought a new position in Alpha and Omega Semiconductor during the 3rd quarter valued at about $975,000. The Manufacturers Life Insurance Company raised its stake in shares of Alpha and Omega Semiconductor by 24.6% in the third quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock valued at $30,017,000 after acquiring an additional 198,291 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 16.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 393,680 shares of the semiconductor company’s stock worth $11,747,000 after acquiring an additional 54,927 shares in the last quarter. Boston Partners grew its position in Alpha and Omega Semiconductor by 6.2% during the 3rd quarter. Boston Partners now owns 37,801 shares of the semiconductor company’s stock worth $1,128,000 after acquiring an additional 2,220 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Alpha and Omega Semiconductor by 288.5% in the third quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock valued at $8,752,000 after buying an additional 217,800 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Trading Up 20.9 %

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 firm has a market cap of $761.53 million, a price-to-earnings ratio of -42.75 and a beta of 2.36. The company’s 50-day moving average is $22.06 and its 200-day moving average is $23.51.

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.