Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up to $35.77

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $35.77, but opened at $37.00. Alpha and Omega Semiconductor shares last traded at $36.71, with a volume of 22,710 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AOSL shares. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, April 18th. Finally, B. Riley upped their target price on Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th.

Alpha and Omega Semiconductor Stock Up 5.1 %

The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.08 billion, a P/E ratio of -110.62 and a beta of 2.33. The firm has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $25.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.10. The firm had revenue of $150.10 million during the quarter, compared to analysts’ expectations of $150.13 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. Alpha and Omega Semiconductor’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned ($0.59) earnings per share. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,956 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now directly owns 130,082 shares in the company, valued at $2,545,704.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Vanguard Group Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after purchasing an additional 40,183 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha and Omega Semiconductor by 8.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after purchasing an additional 86,366 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 18.9% during the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after purchasing an additional 71,000 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Alpha and Omega Semiconductor by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its position in Alpha and Omega Semiconductor by 46.8% in the 1st quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock valued at $6,516,000 after buying an additional 94,196 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.