Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 8.1% – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares shot up 8.1% during trading on Friday . The stock traded as high as $21.95 and last traded at $22.3520. 185,624 shares traded hands during 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

AOSL has been the subject of several research reports. Zacks Research downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Benchmark dropped their price objective on 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. B. Riley Financial reissued a “neutral” rating and set a $24.00 target price (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a research note on Thursday, November 6th. Finally, Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $23.67.

Alpha and Omega Semiconductor Stock Performance

The stock has a market cap of $673.89 million, a PE ratio of -6.53 and a beta of 2.01. The company’s 50-day moving average price is $21.39 and its 200 day moving average price is $24.57.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data 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). Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The business had revenue of $162.26 million during the quarter, compared to analysts’ expectations of $160.67 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

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

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC boosted its position in Alpha and Omega Semiconductor by 7.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 329,208 shares of the semiconductor company’s stock valued at $8,447,000 after buying an additional 22,500 shares during the period. Peregrine Capital Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 27.3% in the second quarter. Peregrine Capital Management LLC now owns 222,739 shares of the semiconductor company’s stock valued at $5,715,000 after acquiring an additional 47,719 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Alpha and Omega Semiconductor in the second quarter valued at $437,000. SG Americas Securities LLC acquired a new position in Alpha and Omega Semiconductor during the 3rd quarter worth $3,559,000. Finally, Acuitas Investments LLC increased its holdings in Alpha and Omega Semiconductor by 38.6% during the 3rd quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock worth $6,736,000 after purchasing an additional 67,100 shares during the period. 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.