Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares gapped up prior to trading on Monday . The stock had previously closed at $38.63, but opened at $41.66. Alpha and Omega Semiconductor shares last traded at $43.60, with a volume of 143,257 shares traded.

Wall Street Analysts Forecast Growth

AOSL has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. B. Riley dropped their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The firm has a 50 day moving average of $34.50 and a 200-day moving average of $34.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. Truvestments Capital LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $47,000. Hollencrest Capital Management bought a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $62,000. 78.97% of the stock is owned by institutional investors.

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.