Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

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) 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 trading hands.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and lifted their price objective for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. 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. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Benchmark decreased their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.67.

Alpha and Omega Semiconductor Stock Performance

The firm's 50-day moving average price is $26.40 and its two-hundred day moving average price is $25.73. 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 has a market cap of $758.30 million, a price-to-earnings ratio of -7.90 and a beta of 2.14.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 EPS for the quarter, beating 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in shares of Alpha and Omega Semiconductor by 137.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 586 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Alpha and Omega Semiconductor by 820.7% in the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 673 shares during the period. GAMMA Investing LLC lifted its holdings in Alpha and Omega Semiconductor by 94.7% in the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 594 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 49.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 504 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Alpha and Omega Semiconductor by 953.2% during the 2nd 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 hedge funds and other 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.