Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Large Volume Increase – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-strong trading volume on Wednesday . Approximately 596,331 shares were traded during mid-day trading, an increase of 113% from the previous session’s volume of 279,998 shares.The stock last traded at $35.74 and had previously closed at $39.68.

Analysts Set New Price Targets

A number of research firms recently issued reports on AOSL. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. B. Riley decreased their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

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 firm has a 50 day moving average price of $34.50 and a 200 day moving average price of $34.99. The stock has a market cap of $1.05 billion, a PE ratio of -53.34 and a beta of 2.42.

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

Insider Activity

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the firm’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 of the company’s stock, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its position in Alpha and Omega Semiconductor by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 400 shares during the period. BNP Paribas Financial Markets increased its holdings in Alpha and Omega Semiconductor by 4.9% in the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 508 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in 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 worth $878,000 after purchasing an additional 511 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Alpha and Omega Semiconductor by 4.8% during 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. Finally, Gladius Capital Management LP purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $36,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.