Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped up prior to trading on Monday . The stock had previously closed at $42.01, but opened at $44.90. Alpha and Omega Semiconductor shares last traded at $44.5110, with a volume of 77,743 shares trading hands.

Wall Street Analyst Weigh In

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

Alpha and Omega Semiconductor Price Performance

The stock has a 50-day moving average price of $37.64 and a 200 day moving average price of $27.07. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -11.53 and a beta of 2.55.

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

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,832 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $31.21, for a total transaction of $57,176.72. Following the sale, the executive vice president owned 132,617 shares in the company, valued at approximately $4,138,976.57. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 8,625 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $35.00, for a total value of $301,875.00. Following the sale, the chief financial officer owned 270,003 shares in the company, valued at $9,450,105. This trade represents a 3.10% 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. Over the last 90 days, insiders have sold 59,860 shares of company stock worth $1,913,960. Corporate insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in AOSL. Weber Capital Management LLC ADV purchased a new position in shares of Alpha and Omega Semiconductor during the fourth quarter worth about $10,842,000. State Street Corp grew its holdings in shares of Alpha and Omega Semiconductor by 21.6% during the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after buying an additional 262,117 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Alpha and Omega Semiconductor by 57.5% during the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after buying an additional 232,817 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Alpha and Omega Semiconductor by 12.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after buying an additional 158,869 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Alpha and Omega Semiconductor by 224.7% during the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after buying an additional 150,254 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.