Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up - Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. 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. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their price objective for the stock from $18.00 to $25.00 in a report on Tuesday. Finally, Benchmark decreased their price objective on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a report on Friday, May 9th.

Alpha and Omega Semiconductor Stock Performance

The company has a quick ratio of 1.36, a current ratio of 2.57 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $27.63. The stock has a market capitalization of $842.88 million, a P/E ratio of -36.73 and a beta of 2.11.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating 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 company had revenue of $164.60 million during the quarter, compared to analysts' expectations of $157.23 million. During the same period last year, the firm posted ($0.04) earnings per share. The business's revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,845 shares of the business's stock in a transaction 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 sale, the executive vice president owned 130,951 shares in the company, valued at $3,107,467.23. The trade was a 1.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the business. 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 position in shares of Alpha and Omega Semiconductor by 551.8% during the fourth quarter. Victory Capital Management Inc. now owns 18,237 shares of the semiconductor company's stock valued at $675,000 after acquiring an additional 15,439 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter valued at approximately $922,000. PNC Financial Services Group Inc. increased its position in shares of Alpha and Omega Semiconductor by 47.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 291 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in Alpha and Omega Semiconductor by 19.4% during the fourth quarter. HighTower Advisors LLC now owns 6,501 shares of the semiconductor company's stock valued at $241,000 after purchasing an additional 1,054 shares during the period. 78.97% of the stock is currently owned by institutional investors.

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.