Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Jumps 8.2% – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price traded up 8.2% during trading on Tuesday. The company traded as high as $23.51 and last traded at $23.78. 55,635 shares were traded during mid-day trading, a decline of 91% from the average session volume of 633,154 shares. The stock had previously closed at $21.97.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Monday, October 5th. Williams Trading set a $45.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. B. Riley Financial decreased their price target on shares of Alpha and Omega Semiconductor from $34.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.67.

Alpha and Omega Semiconductor Trading Up 0.7%

The stock has a market capitalization of $747.62 million, a P/E ratio of -17.50 and a beta of 2.64. The company has a fifty day simple moving average of $25.74 and a two-hundred day simple moving average of $30.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative net margin of 6.23% and a negative return on equity of 4.88%. The company had revenue of $170.37 million for the quarter, compared to analyst estimates of $168.00 million. During the same quarter last year, the firm earned $0.02 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts forecast that Alpha and Omega Semiconductor Limited will post -1.70 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Congress Asset Management Co. grew its holdings in shares of Alpha and Omega Semiconductor by 21.3% in the 3rd quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company’s stock valued at $6,785,000 after buying an additional 43,275 shares during the period. Empowered Funds LLC increased its position in shares of 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 buying an additional 10,790 shares in the last quarter. Principal Financial Group Inc. raised its stake in Alpha and Omega Semiconductor by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock worth $2,661,000 after buying an additional 1,178 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter worth $877,000. Finally, Quantinno Capital Management LP raised its stake in Alpha and Omega Semiconductor by 15.2% during the 1st quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock worth $825,000 after buying an additional 4,915 shares during the period. 78.97% of the stock is owned by institutional investors.

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.