Alpha and Omega Semiconductor Ltd (AOSL) Sees Strong Trading Volume
Shares of Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) saw unusually-high trading volume on Friday . Approximately 482,588 shares were traded during mid-day trading, an increase of 203% from the previous session’s volume of 159,028 shares.The stock last traded at $19.33 and had previously closed at $19.04.
AOSL has been the topic of several recent analyst reports. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, May 10th. B. Riley reiterated a “neutral” rating and issued a $12.50 price target on shares of Alpha and Omega Semiconductor in a research note on Thursday, May 5th. Finally, TheStreet upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $12.88.
The stock’s market cap is $440.32 million. The firm’s 50 day moving average is $14.37 and its 200-day moving average is $12.86.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm earned $91.40 million during the quarter, compared to analysts’ expectations of $87.50 million. On average, analysts forecast that Alpha and Omega Semiconductor Ltd will post $0.37 earnings per share for the current year.
In other Alpha and Omega Semiconductor news, VP Daniel Kuang Ming Chang sold 2,070 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $14.50, for a total transaction of $30,015.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
An institutional investor recently raised its position in Alpha and Omega Semiconductor stock. Dimensional Fund Advisors LP increased its stake in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,055,763 shares of the company’s stock after buying an additional 43,116 shares during the period. Dimensional Fund Advisors LP owned approximately 4.77% of Alpha and Omega Semiconductor worth $9,703,000 as of its most recent SEC filing.
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.