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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $26.79, but opened at $28.19. Alpha and Omega Semiconductor shares last traded at $28.10, with a volume of 43,745 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. B. Riley raised their target price on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a report on Friday, July 11th. Stifel Nicolaus raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and raised their price objective for the company from $18.00 to $25.00 in a report on Tuesday. Wall Street Zen raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. Finally, Benchmark dropped their price objective on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday, May 9th.

Alpha and Omega Semiconductor Price Performance

The company has a market capitalization of $831.82 million, a price-to-earnings ratio of -36.35 and a beta of 2.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 2.57. The business has a 50 day moving average price of $24.43 and a 200-day moving average price of $27.63.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.28% and a negative net margin of 3.33%. The business had revenue of $164.60 million for the quarter, compared to the consensus estimate of $157.23 million. During the same period in the prior year, the business earned ($0.04) EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Bing Xue sold 1,845 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the transaction, the executive vice president directly owned 130,951 shares of the company's stock, valued at approximately $3,107,467.23. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AOSL. Charles Schwab Investment Management Inc. raised its stake in Alpha and Omega Semiconductor by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 224,809 shares of the semiconductor company's stock worth $8,325,000 after buying an additional 1,449 shares during the period. Victory Capital Management Inc. increased its holdings in Alpha and Omega Semiconductor by 551.8% during the 4th quarter. Victory Capital Management Inc. now owns 18,237 shares of the semiconductor company's stock worth $675,000 after purchasing an additional 15,439 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Alpha and Omega Semiconductor during the 4th quarter worth approximately $922,000. PNC Financial Services Group Inc. increased its holdings in Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 291 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Alpha and Omega Semiconductor by 19.4% during the 4th quarter. HighTower Advisors LLC now owns 6,501 shares of the semiconductor company's stock worth $241,000 after purchasing an additional 1,054 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

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.