Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 15.3% Higher - Here's Why

Key Points

• Alpha and Omega Semiconductor's stock price surged 15.3% on Monday, reaching a high of $29.59 after previously closing at $25.66, although trading volume decreased significantly.
• Analysts have mixed views on the company, with B. Riley raising its price target to $35 and maintaining a "buy" rating, while Weiss Ratings has assigned a "sell" rating.
• The company reported quarterly earnings of $0.02 per share, surpassing expectations and showing a 9.4% increase in revenue year-over-year, despite a negative net margin.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price traded up 15.3% on Monday . The stock traded as high as $29.00 and last traded at $29.59. 105,328 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 420,327 shares. The stock had previously closed at $25.66.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. B. Riley upped their price target on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and upped their price target for the stock from $18.00 to $25.00 in a research note on Tuesday, July 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, October 8th. Two equities 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.67.

Alpha and Omega Semiconductor Price Performance

The firm has a market capitalization of $878.07 million, a P/E ratio of -8.93 and a beta of 2.10. 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 firm has a 50-day moving average of $27.87 and a 200-day moving average of $24.86.

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 (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $176.50 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Alpha and Omega Semiconductor by 49.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company's stock valued at $39,000 after buying an additional 504 shares during the period. Nisa Investment Advisors LLC raised its holdings in Alpha and Omega Semiconductor by 137.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company's stock valued at $26,000 after buying an additional 586 shares during the period. GAMMA Investing LLC raised its holdings in Alpha and Omega Semiconductor by 94.7% during the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after buying an additional 594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company's stock valued at $352,000 after buying an additional 624 shares during the period. Finally, Gagnon Securities LLC raised its holdings in Alpha and Omega Semiconductor by 0.3% during the 1st quarter. Gagnon Securities LLC now owns 214,761 shares of the semiconductor company's stock valued at $5,339,000 after buying an additional 656 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.