Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 10.5% – Should You Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded up 10.5% during mid-day trading on Thursday . The company traded as high as $47.87 and last traded at $47.6810. 104,382 shares changed hands during trading, a decline of 84% from the average daily volume of 647,175 shares. The stock had previously closed at $43.15.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, June 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 target price for the company. Finally, B. Riley Financial increased their price target on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and an average price target of $30.50.

Alpha and Omega Semiconductor Price Performance

The firm’s 50-day simple moving average is $41.18 and its 200-day simple moving average is $28.42. The firm has a market capitalization of $1.44 billion, a PE ratio of -13.49 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.06. The firm had revenue of $163.79 million for 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 company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) earnings per share. On average, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insider Activity

In other news, EVP Bing Xue sold 4,916 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the completion of the sale, the executive vice president owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at approximately $21,919,507.47. The trade was a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 62,368 shares of company stock valued at $2,092,671. 16.70% of the stock is currently owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Alpha and Omega Semiconductor in the third quarter worth about $62,000. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor in the 1st quarter worth approximately $70,000. iSAM Funds UK Ltd purchased a new stake in Alpha and Omega Semiconductor in the 3rd quarter worth approximately $91,000. Tower Research Capital LLC TRC grew its position in shares of Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after buying an additional 4,222 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Alpha and Omega Semiconductor by 79.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock worth $157,000 after buying an additional 3,519 shares during the last quarter. 78.97% of the stock is currently 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.