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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Monday . Approximately 392,578 shares were traded during trading, a decline of 13% from the previous session’s volume of 449,053 shares.The stock last traded at $42.6160 and had previously closed at $44.45.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. B. Riley Financial raised their price target on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Alpha and Omega Semiconductor Stock Performance

The stock has a fifty day moving average of $25.50 and a 200 day moving average of $23.62. The company has a market capitalization of $1.18 billion, a P/E ratio of -11.40 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The company had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. During the same period in the prior year, the business posted $0.09 earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 2,408 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $21.92, for a total value of $52,783.36. Following the transaction, the executive vice president directly owned 113,631 shares of the company’s stock, valued at approximately $2,490,791.52. This trade represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike F. Chang bought 33,727 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $640,813.00. Following the completion of the acquisition, the director owned 4,369,574 shares in the company, valued at $83,021,906. This trade represents a 0.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 59,860 shares of company stock valued at $1,913,960 in the last 90 days. 16.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently modified their holdings of AOSL. SG Americas Securities LLC bought a new stake in Alpha and Omega Semiconductor during the third quarter valued at about $3,559,000. Weber Capital Management LLC ADV bought a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at about $10,842,000. Acuitas Investments LLC raised its holdings in Alpha and Omega Semiconductor by 38.6% during the third quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock valued at $6,736,000 after acquiring an additional 67,100 shares during the period. JPMorgan Chase & Co. raised its holdings in Alpha and Omega Semiconductor by 72.4% during the third quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company’s stock valued at $4,441,000 after acquiring an additional 66,723 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at about $563,000. 78.97% of the stock is currently owned by 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.