Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 13.4% – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price shot up 13.4% during mid-day trading on Monday. The company traded as high as $26.32 and last traded at $26.7640. Approximately 152,941 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 636,097 shares. The stock had previously closed at $23.61.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Lake Street Capital lowered their price objective on Alpha and Omega Semiconductor from $58.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. Williams Trading set a $45.00 target price on Alpha and Omega Semiconductor in a research report on Thursday, August 13th. B. Riley Financial lowered their price target on Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday. Needham & Company LLC dropped their price target on shares of Alpha and Omega Semiconductor from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.80.

Alpha and Omega Semiconductor Stock Up 22.2%

The company has a market capitalization of $874.27 million, a price-to-earnings ratio of -18.71 and a beta of 2.69. The company has a 50-day moving average price of $25.14 and a 200-day moving average price of $30.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.07. The business had revenue of $177.76 million during the quarter, compared to analysts’ expectations of $176.20 million. Alpha and Omega Semiconductor had a negative return on equity of 5.70% and a negative net margin of 6.87%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Equities analysts expect that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. increased its position in Alpha and Omega Semiconductor by 21.3% during the third quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company’s stock worth $6,785,000 after acquiring an additional 43,275 shares during the period. Empowered Funds LLC boosted its holdings in Alpha and Omega Semiconductor by 9.9% in the 1st quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company’s stock valued at $2,667,000 after purchasing an additional 10,790 shares during the period. Principal Financial Group Inc. boosted its holdings in Alpha and Omega Semiconductor by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after purchasing an additional 1,178 shares during the period. Quantinno Capital Management LP grew its position in Alpha and Omega Semiconductor by 15.2% in the 1st quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock worth $825,000 after purchasing an additional 4,915 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Alpha and Omega Semiconductor in the 1st quarter worth $784,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a semiconductor company that designs, develops and supplies power management products. Its portfolio includes power MOSFETs, power integrated circuits, transient voltage suppressors, insulated-gate bipolar transistors and other power semiconductor devices used to manage, convert and protect electrical power.

The company’s products are used in applications including personal computers, servers, telecommunications equipment, consumer electronics, industrial systems, automotive equipment and power supplies.