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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw unusually-high trading volume on Wednesday . Approximately 596,331 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 279,998 shares.The stock last traded at $35.74 and had previously closed at $39.68.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AOSL shares. Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th. B. Riley cut their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

Alpha and Omega Semiconductor Stock Down 9.1 %

The company has a 50 day moving average of $34.54 and a 200 day moving average of $35.00. 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 posted its quarterly earnings data 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 company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the company earned $0.30 EPS. The company’s revenue was up .7% compared to the same quarter last year. Research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in Alpha and Omega Semiconductor during the second quarter valued at approximately $36,000. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at $45,000. Point72 DIFC Ltd acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at $62,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.