Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 9.8% – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shot up 9.8% during trading on Wednesday . The company traded as high as $41.39 and last traded at $41.4150. 289,919 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 568,014 shares. The stock had previously closed at $37.72.

Analysts Set New Price Targets

A number of brokerages have commented on AOSL. Needham & Company LLC began coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective on the stock. Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, B. Riley Financial raised their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $1.29 billion, a P/E ratio of -12.13 and a beta of 2.58. The firm’s 50 day moving average price is $28.54 and its 200 day moving average price is $24.21.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.06. The firm had revenue of $163.79 million during the quarter, compared to the consensus estimate of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) earnings per share. On average, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.65 earnings per share for the current year.

Insider Activity

In other news, EVP Bing Xue sold 2,408 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $21.92, for a total transaction of $52,783.36. Following the sale, the executive vice president owned 113,631 shares of the company’s stock, valued at approximately $2,490,791.52. The trade was a 2.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the sale, the chief executive officer directly owned 635,901 shares in the company, valued at $21,919,507.47. The trade was a 2.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 59,860 shares of company stock valued at $1,913,960. 16.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of 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 valued at $2,661,000 after purchasing an additional 1,178 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $877,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $784,000. Louisiana State Employees Retirement System bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth about $244,000. Finally, Invesco Ltd. increased its stake in shares of Alpha and Omega Semiconductor by 19.8% in the 4th quarter. Invesco Ltd. now owns 381,767 shares of the semiconductor company’s stock worth $7,563,000 after acquiring an additional 63,134 shares in the last quarter. 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.