Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 13.4% – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price traded up 13.4% during trading on Monday. The stock traded as high as $26.32 and last traded at $26.7640. Approximately 152,941 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 636,097 shares. The stock had previously closed at $23.61.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AOSL. Williams Trading set a $45.00 price target on shares of Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating on the stock in a report on Friday. B. Riley Financial dropped their price objective on Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Finally, Lake Street Capital reduced their target price on Alpha and Omega Semiconductor from $58.00 to $40.00 and set a “buy” rating for the company in a report on Friday, November 6th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.80.

Alpha and Omega Semiconductor Trading Down 3.1%

The company has a fifty day moving average of $25.30 and a two-hundred day moving average of $30.32.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.07. The company had revenue of $177.76 million during the quarter, compared to analysts’ expectations of $176.20 million. Alpha and Omega Semiconductor had a negative net margin of 6.87% and a negative return on equity of 5.70%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors have recently added to or reduced their stakes in AOSL. Ieq Capital LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $327,000. Hantz Financial Services Inc. raised its position in Alpha and Omega Semiconductor by 45.7% in the third quarter. Hantz Financial Services Inc. now owns 1,333 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 418 shares in the last quarter. Royce & Associates LP lifted its holdings in Alpha and Omega Semiconductor by 19.7% in the third quarter. Royce & Associates LP now owns 369,829 shares of the semiconductor company’s stock valued at $10,170,000 after acquiring an additional 60,814 shares during the period. Diversified Trust Co lifted its holdings in Alpha and Omega Semiconductor by 17.5% in the third quarter. Diversified Trust Co now owns 15,168 shares of the semiconductor company’s stock valued at $417,000 after acquiring an additional 2,256 shares during the period. Finally, Signaturefd LLC lifted its holdings in Alpha and Omega Semiconductor by 877.0% in the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 991 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor designs, develops and supplies power semiconductors and related products used to manage and convert electrical power. Its portfolio includes power MOSFETs, power integrated circuits, transient-voltage-suppression devices, IGBTs, silicon carbide devices and power modules. The company’s products are used in computing, consumer electronics, communications, industrial equipment and automotive applications. They support functions such as power conversion, battery management and protection of electronic circuits.