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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $34.69, but opened at $37.05. Alpha and Omega Semiconductor shares last traded at $34.77, with a volume of 34,787 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. B. Riley Financial boosted their price target on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a “buy” rating and a $50.00 target price for the company. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Finally, Stifel Nicolaus increased their target price on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.00.

Alpha and Omega Semiconductor Trading Up 1.6%

The stock has a market capitalization of $1.06 billion, a P/E ratio of -9.93 and a beta of 2.55. The business has a fifty day simple moving average of $42.37 and a 200 day simple moving average of $30.96.

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

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 8,625 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 270,003 shares in the company, valued at $9,450,105. This represents a 3.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 4,916 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the transaction, the executive vice president owned 123,660 shares in the company, valued at $5,823,149.40. This trade represents a 3.82% 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. In the last three months, insiders have sold 28,425 shares of company stock worth $1,046,421. Company insiders own 16.70% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in Alpha and Omega Semiconductor in the 3rd quarter worth $62,000. Strs Ohio purchased a new position in shares of Alpha and Omega Semiconductor during the 1st quarter worth approximately $70,000. iSAM Funds UK Ltd purchased a new stake in Alpha and Omega Semiconductor in the third quarter worth $91,000. Tower Research Capital LLC TRC grew its holdings in Alpha and Omega Semiconductor by 574.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 4,222 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Alpha and Omega Semiconductor by 146.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock valued at $171,000 after buying an additional 3,635 shares in the last quarter. 78.97% of the stock is 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.