Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Strong Trading Volume – Still a Buy?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Tuesday . Approximately 890,707 shares were traded during mid-day trading, an increase of 206% from the previous session’s volume of 290,749 shares.The stock last traded at $45.88 and had previously closed at $41.39.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley cut their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -68.48 and a beta of 2.48. The company’s 50-day simple moving average is $34.81 and its 200-day simple moving average is $35.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

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

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of the firm’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 transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOSL. Gladius Capital Management LP bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $36,000. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth about $45,000. Point72 DIFC Ltd acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $47,000. Hollencrest Capital Management bought a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Alpha and Omega Semiconductor during the 2nd quarter worth approximately $62,000. 78.97% of the stock is currently 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.