Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.93 and traded as high as $49.30. Alpha and Omega Semiconductor shares last traded at $45.17, with a volume of 719,118 shares traded.

Analysts Set New Price Targets

A number of research firms recently weighed in on AOSL. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a “buy” rating and a $50.00 target price on the stock. B. Riley Financial upped their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alpha and Omega Semiconductor has a consensus rating of “Hold” and an average price target of $30.50.

Alpha and Omega Semiconductor Stock Down 4.6%

The stock has a fifty day moving average of $39.81 and a 200-day moving average of $27.93. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -12.69 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $163.79 million during the quarter, compared to the consensus estimate of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) earnings per share. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other news, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer directly owned 635,901 shares of the company’s stock, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 1,832 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.21, for a total value of $57,176.72. Following the completion of the sale, the executive vice president directly owned 132,617 shares of the company’s stock, valued at $4,138,976.57. The trade was a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 57,452 shares of company stock valued at $1,861,176 over the last three months. 16.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of AOSL. Weber Capital Management LLC ADV acquired a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at approximately $10,842,000. State Street Corp boosted its holdings in shares of Alpha and Omega Semiconductor by 21.6% in the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 262,117 shares during the period. Millennium Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 57.5% in the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after acquiring an additional 232,817 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after acquiring an additional 158,869 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after acquiring an additional 150,254 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

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.