Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 3.6%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shot up 3.6% on Wednesday . The stock traded as high as $21.16 and last traded at $20.91. 45,445 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 139,182 shares. The stock had previously closed at $20.18.

Analyst Ratings Changes

Several brokerages have recently weighed in on AOSL. Stifel Nicolaus decreased their price objective on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, April 18th. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $34.00 in a report on Tuesday, January 2nd.

Alpha and Omega Semiconductor Trading Up 3.2 %

The company has a market cap of $627.53 million, a P/E ratio of -35.22 and a beta of 2.39. The business has a fifty day moving average price of $21.98 and a 200-day moving average price of $23.88. The company has a quick ratio of 1.33, a current ratio of 2.52 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. The company had revenue of $165.29 million during the quarter, compared to analysts’ expectations of $165.00 million. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.5 earnings per share for the current year.

Insider Activity

In other news, CFO Yifan Liang sold 20,000 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total value of $466,200.00. Following the completion of the sale, the chief financial officer now directly owns 293,296 shares in the company, valued at $6,836,729.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total transaction of $466,200.00. Following the completion of the transaction, the chief financial officer now directly owns 293,296 shares in the company, valued at $6,836,729.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the sale, the chairman now directly owns 4,500,286 shares in the company, valued at approximately $121,102,696.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,649 shares of company stock worth $1,727,692. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors have recently modified their holdings of the business. Peregrine Capital Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 46.8% in the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock worth $6,516,000 after purchasing an additional 94,196 shares during the last quarter. Paradiem LLC boosted its position in Alpha and Omega Semiconductor by 118.6% during the first quarter. Paradiem LLC now owns 103,410 shares of the semiconductor company’s stock valued at $2,279,000 after acquiring an additional 56,094 shares during the last quarter. Overbrook Management Corp bought a new stake in Alpha and Omega Semiconductor during the first quarter valued at $260,000. Wellington Management Group LLP boosted its position in Alpha and Omega Semiconductor by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after acquiring an additional 55,403 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at $30,000. Institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.