Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 8.1% – Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) were up 8.1% on Friday . The company traded as high as $21.95 and last traded at $22.3520. Approximately 185,624 shares changed hands during trading, a decline of 51% from the average daily volume of 378,402 shares. The stock had previously closed at $20.67.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AOSL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Stifel Nicolaus cut their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Zacks Research cut Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday. B. Riley Financial reiterated a “neutral” rating and issued a $24.00 price target (down from $40.00) on shares of Alpha and Omega Semiconductor in a research note on Thursday, November 6th. Finally, Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $23.67.

Alpha and Omega Semiconductor Trading Up 9.6%

The company has a 50 day simple moving average of $21.39 and a 200 day simple moving average of $24.57. The stock has a market capitalization of $673.89 million, a PE ratio of -6.53 and a beta of 2.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The company had revenue of $162.26 million for the quarter, compared to analysts’ expectations of $160.67 million. During the same quarter last year, the company earned $0.09 EPS. Alpha and Omega Semiconductor’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,845 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $20.56, for a total transaction of $37,933.20. Following the transaction, the executive vice president owned 127,863 shares of the company’s stock, valued at $2,628,863.28. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 16.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the stock. CWM LLC lifted its position in shares of Alpha and Omega Semiconductor by 20.0% during the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 386 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Alpha and Omega Semiconductor by 49.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 504 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Alpha and Omega Semiconductor by 137.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 586 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Alpha and Omega Semiconductor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after acquiring an additional 624 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 21.4% during the third quarter. GAMMA Investing LLC now owns 4,109 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 724 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.