Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – Still a Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $27.41, but opened at $28.43. Alpha and Omega Semiconductor shares last traded at $29.33, with a volume of 92,246 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AOSL shares. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley dropped their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The firm’s fifty day moving average price is $34.40 and its 200-day moving average price is $34.19. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The stock has a market cap of $815.45 million, a P/E ratio of -43.64 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. Alpha and Omega Semiconductor’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now directly owns 33,245 shares in the company, valued at $1,265,304.70. The trade was a 9.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its stake in shares of Alpha and Omega Semiconductor by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 400 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Alpha and Omega Semiconductor by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after purchasing an additional 508 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock valued at $878,000 after purchasing an additional 511 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Alpha and Omega Semiconductor by 3.2% in the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 613 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Alpha and Omega Semiconductor by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after buying an additional 893 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.