Alpha and Omega Semiconductor (NASDAQ:AOSL) Sets New 52-Week High - Still a Buy?

Key Points

• 52-week high: AOSL hit a new 52-week high, trading as high as $46.33 and last at $46.91 after a roughly 12.8% move, well above the average analyst target of $30.50.
• Analyst sentiment is mixed — two Buys, three Holds and one Sell — leaving a consensus rating of "Hold" despite recent Buy coverage.
• Recent fundamentals are weak: the company missed quarterly EPS (-$0.16 vs. -$0.08), reported a negative net margin and a 6.3% YoY revenue decline, and insiders have sold shares totaling about $1.9M in the past 90 days.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $46.33 and last traded at $46.9140, with a volume of 534629 shares. The stock had previously closed at $43.75.

Analyst Ratings Changes

A number of equities analysts have issued reports on AOSL shares. Needham & Company LLC initiated coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a "buy" rating and a $50.00 price target for the company. Weiss Ratings restated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. 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 note on Friday, February 6th. Wall Street Zen lowered Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. Finally, Zacks Research upgraded shares of Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Alpha and Omega Semiconductor has a consensus rating of "Hold" and an average target price of $30.50.

Alpha and Omega Semiconductor Stock Up 12.8%

The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -14.22 and a beta of 2.58. The company's 50-day simple moving average is $26.71 and its 200-day simple moving average is $23.88.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.08). The company had revenue of $162.26 million for the quarter, compared to analyst estimates 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%. Alpha and Omega Semiconductor's revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 2,408 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $21.92, for a total value of $52,783.36. Following the completion of the transaction, the executive vice president directly owned 113,631 shares in the company, valued at $2,490,791.52. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at approximately $21,919,507.47. This trade represents a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 59,860 shares of company stock worth $1,913,960. Company insiders own 16.70% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Alpha and Omega Semiconductor by 20.0% in the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 386 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company's stock valued at $352,000 after purchasing an additional 624 shares during the period. Royal Bank of Canada lifted its holdings in shares of Alpha and Omega Semiconductor by 9.2% in the fourth quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company's stock valued at $177,000 after purchasing an additional 755 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Alpha and Omega Semiconductor by 1.8% in the fourth quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company's stock worth $932,000 after buying an additional 844 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company's stock worth $29,000 after buying an additional 895 shares during the period. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Company Profile

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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