Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up - Here's What Happened

Key Points

• Alpha and Omega Semiconductor's shares gapped up, opening at $29.54, rising from a previous close of $28.10.
• Wall Street analysts have shown optimism, with Stifel Nicolaus upgrading the stock to a "hold" and B. Riley raising its price target from $30.00 to $35.00, reflecting a consensus rating of "Moderate Buy".
• The company reported earnings of $0.02 per share and revenue of $176.50 million for the quarter, exceeding analyst estimates.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $28.10, but opened at $29.54. Alpha and Omega Semiconductor shares last traded at $29.44, with a volume of 42,238 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AOSL shares. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their price target for the stock from $18.00 to $25.00 in a report on Tuesday, July 15th. B. Riley increased their price target on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

Alpha and Omega Semiconductor Price Performance

The company has a current ratio of 2.56, a quick ratio of 1.34 and a debt-to-equity ratio of 0.02. The company has a market cap of $859.00 million, a P/E ratio of -8.75 and a beta of 2.11. The business's fifty day moving average is $27.64 and its 200 day moving average is $24.72.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The company had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. Alpha and Omega Semiconductor had a negative net margin of 13.93% and a negative return on equity of 0.83%. Alpha and Omega Semiconductor's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AOSL. Nisa Investment Advisors LLC grew its stake in Alpha and Omega Semiconductor by 137.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company's stock valued at $26,000 after buying an additional 586 shares in the last quarter. GAMMA Investing LLC grew its stake in Alpha and Omega Semiconductor by 94.7% in the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after buying an additional 594 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Alpha and Omega Semiconductor by 49.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company's stock valued at $39,000 after buying an additional 504 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Alpha and Omega Semiconductor by 953.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company's stock valued at $46,000 after buying an additional 1,630 shares in the last quarter. Finally, CWM LLC grew its stake in Alpha and Omega Semiconductor by 403.4% in the 2nd quarter. CWM LLC now owns 1,928 shares of the semiconductor company's stock valued at $49,000 after buying an additional 1,545 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.