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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $42.01, but opened at $44.90. Alpha and Omega Semiconductor shares last traded at $44.5110, with a volume of 77,743 shares trading hands.

Analyst Upgrades and Downgrades

AOSL has been the subject of a number of research analyst reports. Needham & Company LLC assumed coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price target for the company. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Finally, B. Riley Financial lifted their target price on shares of 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.50.

Alpha and Omega Semiconductor Price Performance

The business’s 50 day simple moving average is $36.83 and its 200 day simple moving average is $26.72. The company has a market capitalization of $1.34 billion, a PE ratio of -12.72 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million for the quarter, compared to the consensus estimate of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. Alpha and Omega Semiconductor’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insider Activity

In other news, EVP Bing Xue sold 1,832 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.21, for a total value of $57,176.72. Following the sale, the executive vice president directly owned 132,617 shares of the company’s stock, valued at approximately $4,138,976.57. The trade was a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 that occurred on Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the sale, the chief executive officer directly owned 635,901 shares in the company, valued at $21,919,507.47. This trade represents a 2.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 59,860 shares of company stock valued at $1,913,960. Company insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AOSL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after acquiring an additional 624 shares in the last quarter. Royal Bank of Canada raised its position in Alpha and Omega Semiconductor by 9.2% in the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 755 shares during the last quarter. Deutsche Bank AG raised its position in Alpha and Omega Semiconductor by 1.8% in the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock valued at $932,000 after purchasing an additional 844 shares during the last quarter. Hantz Financial Services Inc. raised its position in Alpha and Omega Semiconductor by 634.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 895 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Alpha and Omega Semiconductor by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after purchasing an additional 1,053 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.