Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Unusually-High Trading Volume

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Wednesday . Approximately 108,507 shares were traded during mid-day trading, a decline of 56% from the previous session’s volume of 245,692 shares.The stock last traded at $36.12 and had previously closed at $36.54.

Analysts Set New Price Targets

A number of brokerages recently commented on AOSL. Stifel Nicolaus upped their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. B. Riley raised their target price on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Benchmark upped their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 28th.

Alpha and Omega Semiconductor Stock Performance

The firm’s 50 day moving average is $38.99 and its 200-day moving average is $29.88. The stock has a market capitalization of $990.79 million, a price-to-earnings ratio of -101.53 and a beta of 2.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.29 and a current ratio of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.03 million. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Analysts forecast that Alpha and Omega Semiconductor Limited will post -1.06 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the sale, the chief financial officer now owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the sale, the director now owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth $8,389,000. The Manufacturers Life Insurance Company grew its stake in Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares in the last quarter. Millennium Management LLC grew its stake in Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Alpha and Omega Semiconductor by 101.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after acquiring an additional 100,591 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake 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 worth $6,516,000 after purchasing an additional 94,196 shares in the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.