Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 8.1% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price traded up 8.1% on Friday . The stock traded as high as $21.95 and last traded at $22.3520. 185,624 shares were traded during mid-day trading, a decline of 51% from the average session volume of 378,402 shares. The stock had previously closed at $20.67.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Zacks Research lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Finally, Benchmark reduced their target price on shares of Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Alpha and Omega Semiconductor presently has an average rating of “Reduce” and a consensus target price of $23.67.

Alpha and Omega Semiconductor Stock Performance

The stock’s fifty day moving average price is $21.42 and its 200-day moving average price is $24.51. The firm has a market cap of $674.06 million, a PE ratio of -6.53 and a beta of 2.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The company had revenue of $162.26 million for the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share. Sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, December 15th. The stock was sold at an average price of $20.56, for a total transaction of $37,933.20. Following the completion of the transaction, the executive vice president owned 127,863 shares of the company’s stock, valued at $2,628,863.28. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 16.70% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in AOSL. Vanguard Group Inc. grew its position in shares of Alpha and Omega Semiconductor by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after purchasing an additional 33,959 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after buying an additional 73,631 shares in the last quarter. State Street Corp lifted its stake in Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after buying an additional 262,117 shares in the last quarter. Boston Partners grew its holdings in Alpha and Omega Semiconductor by 86.4% during the 2nd quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock valued at $28,467,000 after buying an additional 514,240 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Alpha and Omega Semiconductor by 15.0% during the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after buying an additional 113,077 shares in the last quarter. 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.