Alpha and Omega Semiconductor (NASDAQ:AOSL) Sees Strong Trading Volume Following Analyst Upgrade

Key Points

• B. Riley raised its price target on Alpha and Omega Semiconductor from $19 to $25 (maintaining a neutral rating), and the stock saw a ~67% surge in trading volume to 539,734 shares as it traded around $30.65 intraday versus a $27.39 close.
• The analyst consensus is a Hold (one Buy, three Hold, one Sell) with a $24 average price target, below the stock's recent trading level.
• Insider and institutional ownership is high: Director Mike F. Chang bought 33,727 shares at $19, insiders own 16.7% of the company, and institutional investors hold about 78.97%.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares saw strong trading volume on Tuesday after B. Riley Financial raised their price target on the stock from $19.00 to $25.00. B. Riley Financial currently has a neutral rating on the stock. 539,734 shares were traded during mid-day trading, an increase of 67% from the previous session's volume of 324,078 shares.The stock last traded at $30.6460 and had previously closed at $27.39.

Other research analysts have also issued research reports about the company. Zacks Research upgraded Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen lowered Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $24.00.

Insider Buying and Selling

In related news, Director Mike F. Chang acquired 33,727 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average price of $19.00 per share, for a total transaction of $640,813.00. Following the transaction, the director directly owned 4,369,574 shares of the company's stock, valued at $83,021,906. This trade represents a 0.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bing Xue sold 2,408 shares of the business's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $21.92, for a total value of $52,783.36. Following the transaction, the executive vice president owned 113,631 shares of the company's stock, valued at $2,490,791.52. This represents a 2.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 16.70% of the company's stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Alpha and Omega Semiconductor by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company's stock valued at $68,613,000 after acquiring an additional 33,959 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Alpha and Omega Semiconductor by 4.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company's stock valued at $32,263,000 after acquiring an additional 73,631 shares in the last quarter. State Street Corp raised its stake in Alpha and Omega Semiconductor by 21.6% during the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company's stock valued at $29,203,000 after acquiring an additional 262,117 shares in the last quarter. Wellington Management Group LLP raised its stake in Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company's stock valued at $24,184,000 after acquiring an additional 113,077 shares in the last quarter. Finally, Robeco Schweiz AG raised its stake in Alpha and Omega Semiconductor by 0.4% during the 3rd quarter. Robeco Schweiz AG now owns 785,264 shares of the semiconductor company's stock valued at $21,956,000 after acquiring an additional 2,761 shares in the last quarter. Institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

The firm has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $22.85. The stock has a market cap of $920.03 million, a P/E ratio of -8.76 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business had revenue of $162.26 million for the quarter, compared to the consensus estimate of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. As a group, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

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.

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