Alpha and Omega Semiconductor (NASDAQ:AOSL) Sets New 12-Month High – Time to Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) hit a new 52-week high on Wednesday . The stock traded as high as $51.14 and last traded at $48.5670, with a volume of 383610 shares trading hands. The stock had previously closed at $47.89.

Analysts Set New Price Targets

Several analysts have weighed in on AOSL shares. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Needham & Company LLC began coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 target price for the company. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, February 6th. Finally, B. Riley Financial upped their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Two equities 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. Based on data from MarketBeat, Alpha and Omega Semiconductor has an average rating of “Hold” and an average price target of $30.50.

Alpha and Omega Semiconductor Stock Up 1.0%

The business has a fifty day simple moving average of $33.71 and a 200-day simple moving average of $25.49. The firm has a market cap of $1.48 billion, a P/E ratio of -13.86 and a beta of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The business 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 return on equity of 4.30% and a negative net margin of 15.51%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mike F. Chang bought 33,727 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $19.00 per share, with a total value of $640,813.00. Following the completion of the purchase, the director owned 4,369,574 shares in the company, valued at approximately $83,021,906. The trade was a 0.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer directly owned 635,901 shares in the company, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. 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. Insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently modified their holdings of AOSL. Hantz Financial Services Inc. boosted its position in Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 895 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Alpha and Omega Semiconductor in the third quarter worth about $62,000. Strs Ohio purchased a new position in Alpha and Omega Semiconductor in the first quarter worth about $70,000. iSAM Funds UK Ltd bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth about $91,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 4,222 shares during the period. 78.97% of the stock is owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.