Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 11% – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price shot up 11% during trading on Tuesday . The company traded as high as $46.85 and last traded at $46.31. 384,785 shares were traded during trading, a decline of 35% from the average session volume of 587,716 shares. The stock had previously closed at $41.72.

Analyst Ratings Changes

Several analysts recently issued reports on AOSL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. B. Riley Financial upped their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average price target of $30.50.

Alpha and Omega Semiconductor Price Performance

The firm has a market cap of $1.41 billion, a P/E ratio of -13.22 and a beta of 2.58. The company’s 50-day simple moving average is $32.07 and its 200 day simple moving average is $24.93.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The firm had revenue of $163.79 million for the quarter, compared to the consensus estimate of $160.07 million. During the same period in the previous year, the firm posted ($0.10) EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mike F. Chang bought 33,727 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $640,813.00. Following the acquisition, the director owned 4,369,574 shares in the company, valued at $83,021,906. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 59,860 shares of company stock valued at $1,913,960 over the last quarter. Company insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 624 shares during the period. Royal Bank of Canada raised its position in Alpha and Omega Semiconductor by 9.2% in the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock worth $177,000 after purchasing an additional 755 shares during the period. Deutsche Bank AG lifted its stake in Alpha and Omega Semiconductor by 1.8% in the fourth quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock worth $932,000 after purchasing an additional 844 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Alpha and Omega Semiconductor by 634.8% during the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 895 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Alpha and Omega Semiconductor by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after buying an additional 1,053 shares during the period. 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.