Alpha and Omega Semiconductor Ltd. (AOSL) Sees Unusually-High Trading Volume
Shares of Alpha and Omega Semiconductor Ltd. (NASDAQ:AOSL) saw unusually-strong trading volume on Monday . Approximately 248,053 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 218,279 shares.The stock last traded at $20.53 and had previously closed at $20.38.
A number of equities analysts recently commented on AOSL shares. Zacks Investment Research raised Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, May 10th. TheStreet raised Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, B. Riley raised Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating in a report on Thursday, August 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.63.
The firm’s market cap is $458.02 million. The company’s 50 day moving average price is $15.53 and its 200-day moving average price is $13.43.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The business had revenue of $91.40 million for the quarter, compared to analyst estimates of $87.50 million. Equities analysts predict that Alpha and Omega Semiconductor Ltd. will post $0.37 EPS for the current year.
In other news, VP Daniel Kuang Ming Chang sold 2,679 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $13.83, for a total transaction of $37,050.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Yueh-Se Ho sold 75,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $15.55, for a total transaction of $1,166,250.00. The disclosure for this sale can be found here.
Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of products targets high-volume applications, including personal computers, flat panel televisions (TVs), light-emitting diode (LED) lighting, smart phones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.