Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price traded up 6% during mid-day trading on Wednesday . The company traded as high as $45.23 and last traded at $45.05. 153,102 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 330,883 shares. The stock had previously closed at $42.51.
A number of brokerages have weighed in on AOSL. StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Wednesday, December 11th. Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus lowered their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating on the stock in a report on Wednesday, November 6th. Finally, B. Riley cut their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.
Check Out Our Latest Analysis on AOSL
The business's 50-day moving average price is $37.10 and its 200 day moving average price is $36.74. The company has a market capitalization of $1.32 billion, a P/E ratio of -67.70 and a beta of 2.48. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 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 firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.
In related news, EVP Bing Xue sold 875 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the transaction, the executive vice president now directly owns 128,986 shares in the company, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Wenjun Li sold 2,183 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,065 shares of company stock worth $2,534,690 in the last ninety days. 16.90% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock worth $510,000 after buying an additional 1,096 shares during the last quarter. Barclays PLC lifted its holdings in shares of Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company's stock worth $1,498,000 after acquiring an additional 31,725 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company's stock valued at $21,486,000 after purchasing an additional 31,286 shares in the last quarter. Zacks Investment Management grew its holdings in shares of Alpha and Omega Semiconductor by 12.1% during the 3rd quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company's stock valued at $2,501,000 after purchasing an additional 7,294 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Alpha and Omega Semiconductor by 77.2% during the 3rd quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company's stock valued at $2,051,000 after purchasing an additional 24,067 shares during the last quarter. Institutional investors own 78.97% of the company's stock.
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.
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