Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.50 and traded as high as $34.75. Alpha and Omega Semiconductor shares last traded at $33.81, with a volume of 404,066 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. B. Riley Financial boosted their price target on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Lake Street Capital began coverage on Alpha and Omega Semiconductor in a report on Thursday, June 25th. They issued a “buy” rating and a $58.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Friday, July 17th. Finally, Needham & Company LLC assumed coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 target price for the company. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Alpha and Omega Semiconductor Price Performance

The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.50 and a beta of 2.55. The business’s 50-day moving average price is $41.62 and its two-hundred day moving average price is $31.50.

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

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 4,916 shares of the stock in a transaction 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 sale, the executive vice president directly owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This represents a 3.82% decrease in their position. 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. Insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of AOSL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alpha and Omega Semiconductor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after purchasing an additional 624 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Alpha and Omega Semiconductor by 9.2% during the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock worth $177,000 after buying an additional 755 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Alpha and Omega Semiconductor by 1.8% during the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock worth $932,000 after buying an additional 844 shares during the last quarter. Franklin Resources Inc. boosted its stake in Alpha and Omega Semiconductor by 5.5% in the fourth quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 1,053 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Alpha and Omega Semiconductor by 1.0% in the first quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

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.