Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Passes Above 200-Day Moving Average – Should You Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.93 and traded as high as $49.30. Alpha and Omega Semiconductor shares last traded at $45.17, with a volume of 719,118 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AOSL. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. B. Riley Financial raised their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Stock Up 11.3%

The company has a market capitalization of $1.44 billion, a P/E ratio of -13.49 and a beta of 2.55. The company has a 50-day moving average of $40.71 and a two-hundred day moving average of $28.28.

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

Insider Buying and Selling

In related news, CEO Stephen Chunping Chang sold 14,884 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 8,625 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, April 17th. The shares were sold at an average price of $35.00, for a total value of $301,875.00. Following the transaction, the chief financial officer owned 270,003 shares of the company’s stock, valued at $9,450,105. The trade was a 3.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,368 shares of company stock worth $2,092,671 in the last 90 days. Insiders own 16.70% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of the stock. Weber Capital Management LLC ADV bought a new position in Alpha and Omega Semiconductor in the 4th quarter worth about $10,842,000. State Street Corp raised its holdings in Alpha and Omega Semiconductor by 21.6% in the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after buying an additional 262,117 shares during the last quarter. Millennium Management LLC raised its holdings in Alpha and Omega Semiconductor by 57.5% in the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after buying an additional 232,817 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after buying an additional 158,869 shares in the last quarter. Finally, UBS Group AG lifted its stake in shares of Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after buying an additional 150,254 shares in the last quarter. Hedge funds and other institutional investors 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.