Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 5.6% – Time to Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) rose 5.6% during trading on Wednesday . The stock traded as high as $49.59 and last traded at $49.39. Approximately 177,533 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 312,910 shares. The stock had previously closed at $46.76.

Analyst Ratings Changes

A number of research firms have weighed in on AOSL. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus cut 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. Finally, B. Riley lowered their price objective 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.

Alpha and Omega Semiconductor Price Performance

The firm’s 50-day moving average price is $36.64 and its 200 day moving average price is $36.34. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS 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 during the quarter, compared to analyst estimates of $180.07 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, Director Claudia Chen sold 5,623 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the sale, the director now owns 26,572 shares in the company, valued at $1,362,346.44. This represents a 17.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 52,182 shares of company stock valued at $2,445,473 in the last three months. Corporate insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in Alpha and Omega Semiconductor during the second quarter worth $36,000. Truvestments Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter worth $45,000. Point72 DIFC Ltd purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $47,000. Hollencrest Capital Management bought a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the second quarter worth about $62,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.