Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Passes Above 200-Day Moving Average - Here's What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.04 and traded as high as $31.11. Alpha and Omega Semiconductor shares last traded at $30.46, with a volume of 269,210 shares trading hands.

Analyst Ratings Changes

AOSL has been the subject of several analyst reports. B. Riley boosted their price objective 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 boosted their price objective on Alpha and Omega Semiconductor from $25.00 to $29.00 and gave the company a "hold" rating in a report on Friday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $32.00.

Alpha and Omega Semiconductor Trading Down 1.7%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. The company has a 50 day simple moving average of $28.34 and a 200 day simple moving average of $25.04. The company has a market capitalization of $915.11 million, a PE ratio of -9.31 and a beta of 2.10.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $170.03 million. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.The business's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Alpha and Omega Semiconductor by 94.7% during the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 594 shares in the last quarter. Acuitas Investments LLC lifted its stake in Alpha and Omega Semiconductor by 26.3% during the first quarter. Acuitas Investments LLC now owns 146,373 shares of the semiconductor company's stock worth $3,639,000 after purchasing an additional 30,473 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Alpha and Omega Semiconductor by 4.0% during the first quarter. Principal Financial Group Inc. now owns 120,105 shares of the semiconductor company's stock worth $2,986,000 after purchasing an additional 4,660 shares in the last quarter. Pacific Point Advisors LLC lifted its stake in Alpha and Omega Semiconductor by 87.5% during the first quarter. Pacific Point Advisors LLC now owns 15,000 shares of the semiconductor company's stock worth $373,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Robeco Schweiz AG acquired a new position in Alpha and Omega Semiconductor during the first quarter worth $19,434,000. 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.

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