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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $38.87, but opened at $40.89. Alpha and Omega Semiconductor shares last traded at $39.9540, with a volume of 162,283 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AOSL shares. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 target price for the company. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, B. Riley Financial lifted their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Two equities 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 company. Based on data from MarketBeat.com, Alpha and Omega Semiconductor has a consensus rating of “Hold” and a consensus price target of $30.50.

Alpha and Omega Semiconductor Stock Up 1.0%

The stock has a market cap of $1.18 billion, a P/E ratio of -11.02 and a beta of 2.58. The business has a 50 day moving average price of $29.72 and a two-hundred day moving average price of $24.43.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.10) earnings per share. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.65 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In related news, CFO Yifan Liang sold 8,625 shares of the business’s 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 directly owned 270,003 shares in the company, valued at approximately $9,450,105. The trade was a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. 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. Insiders have sold 59,860 shares of company stock worth $1,913,960 in the last quarter. 16.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently made changes to their positions in AOSL. Hantz Financial Services Inc. lifted its position in shares of Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock worth $29,000 after buying an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter worth about $62,000. CWM LLC raised its position in Alpha and Omega Semiconductor by 20.0% during the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 386 shares during the period. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor during the first quarter valued at approximately $70,000. Finally, iSAM Funds UK Ltd purchased a new stake in Alpha and Omega Semiconductor during the third quarter valued at approximately $91,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

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.