Alpha and Omega Semiconductor (NASDAQ:AOSL) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Alpha and Omega Semiconductor's stock recently surpassed its 200-day moving average, which is a significant technical indicator, trading at $26.50 after hitting a high of $27.01.
• Several analysts have mixed ratings for the stock; while Benchmark reduced its price target from $42 to $32, B. Riley raised theirs to $35 with a "buy" rating.
• The company reported a quarterly revenue of $176.50 million, exceeding estimates, and had a positive earnings per share (EPS) of $0.02, beating expectations of a loss.

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 $25.96 and traded as high as $27.01. Alpha and Omega Semiconductor shares last traded at $26.50, with a volume of 150,103 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AOSL shares. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and raised their price target for the stock from $18.00 to $25.00 in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. Benchmark cut their price target on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, B. Riley lifted their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.67.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.58. The stock's fifty day moving average is $26.47 and its two-hundred day moving average is $25.65. The firm has a market cap of $786.10 million, a price-to-earnings ratio of -8.17 and a beta of 2.14.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative net margin of 13.93% and a negative return on equity of 0.83%. The business had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. During the same quarter last year, the company earned $0.09 EPS. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings 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 acquiring an additional 586 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Alpha and Omega Semiconductor by 820.7% in the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 673 shares during the period. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 594 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of 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 purchasing an additional 504 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Alpha and Omega Semiconductor by 953.2% in the second quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,630 shares during the last quarter. 78.97% of the stock is currently 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.