Alpha and Omega Semiconductor Ltd. (AOSL) Trading Up 2.1%
Alpha and Omega Semiconductor Ltd. (NASDAQ:AOSL) shares were up 2.1% during mid-day trading on Wednesday . The stock traded as high as $19.47 and last traded at $19.47, with a volume of 75,683 shares traded. The stock had previously closed at $19.07.
Several research analysts have recently issued reports on AOSL shares. Zacks Investment Research raised Alpha and Omega Semiconductor from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Tuesday. TheStreet upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Finally, B. Riley upgraded Alpha and Omega Semiconductor to a “buy” rating and set a $20.50 price objective for the company in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Alpha and Omega Semiconductor presently has a consensus rating of “Buy” and an average price target of $16.63.
The company has a 50 day moving average price of $14.81 and a 200-day moving average price of $13.14. The company’s market capitalization is $446.87 million.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. The firm had revenue of $91.40 million for the quarter, compared to analysts’ expectations of $87.50 million. On average, equities analysts expect that Alpha and Omega Semiconductor Ltd. will post $0.37 earnings per share for the current year.
In other news, CFO Yifan Liang sold 17,436 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $16.00, for a total transaction of $278,976.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Yueh-Se Ho sold 75,000 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, August 11th. The stock was 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.
An institutional investor recently raised its position in Alpha and Omega Semiconductor stock. Dimensional Fund Advisors LP increased its position in Alpha and Omega Semiconductor Ltd. (NASDAQ:AOSL) by 4.3% during the fourth quarter, according to its most recent disclosure 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 about 4.77% of Alpha and Omega Semiconductor worth $9,703,000 at the end of the most recent quarter.
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.
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