Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 18.2% Higher on Earnings Beat

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price traded up 18.2% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $26.34 and last traded at $26.33. 137,062 shares changed hands during trading, a decline of 1% from the average session volume of 138,010 shares. The stock had previously closed at $22.28.

The semiconductor company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.13 million. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.59) earnings per share.

Wall Street Analysts Forecast Growth

AOSL has been the topic of several recent research reports. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Stifel Nicolaus lowered their price target on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 14,292 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $22.77, for a total transaction of $325,428.84. Following the completion of the sale, the executive vice president now directly owns 131,291 shares in the company, valued at approximately $2,989,496.07. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Bing Xue sold 14,292 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $22.77, for a total value of $325,428.84. Following the completion of the transaction, the executive vice president now directly owns 131,291 shares in the company, valued at approximately $2,989,496.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yifan Liang sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $23.31, for a total transaction of $466,200.00. Following the sale, the chief financial officer now directly owns 293,296 shares of the company’s stock, valued at approximately $6,836,729.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,649 shares of company stock worth $920,392. Company insiders own 17.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Alpha and Omega Semiconductor by 8.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock worth $28,465,000 after buying an additional 86,366 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 24.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock worth $30,017,000 after buying an additional 198,291 shares during the period. First Eagle Investment Management LLC increased its position in Alpha and Omega Semiconductor by 16.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 393,680 shares of the semiconductor company’s stock valued at $11,747,000 after buying an additional 54,927 shares in the last quarter. Wellington Management Group LLP raised its holdings in Alpha and Omega Semiconductor by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock worth $9,087,000 after buying an additional 55,403 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in Alpha and Omega Semiconductor by 46.8% in the 1st quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock worth $6,516,000 after buying an additional 94,196 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

Alpha and Omega Semiconductor Stock Up 19.4 %

The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The stock has a market cap of $752.48 million, a P/E ratio of -39.81 and a beta of 2.36. The stock’s fifty day moving average price is $21.96 and its 200 day moving average price is $23.48.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.