Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 9.1% - What's Next?

Key Points

• Alpha and Omega Semiconductor's stock surged 9.1% during trading, reaching a high of $27.58, although overall trading volume declined significantly by 82% compared to the average.
• Wall Street analysts have mixed ratings for the company, with Benchmark lowering its target price to $32.00, while B. Riley raised its target to $35.00 and maintained a "buy" rating.
• The company reported $0.02 earnings per share, exceeding analysts' expectations, and its revenue increased by 9.4% year-over-year, totaling $176.50 million for the quarter.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares were up 9.1% on Tuesday . The stock traded as high as $27.45 and last traded at $27.58. Approximately 84,068 shares were traded during trading, a decline of 82% from the average daily volume of 475,402 shares. The stock had previously closed at $25.28.

Analysts Set New Price Targets

Several research analysts recently weighed in on AOSL shares. Benchmark reduced their price target on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research report on Friday, May 9th. B. Riley increased 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 report on Friday, July 11th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their price target for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th.

Alpha and Omega Semiconductor Stock Performance

The firm's 50 day moving average price is $26.34 and its two-hundred day moving average price is $25.89. 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 firm has a market cap of $779.63 million, a PE ratio of -8.10 and a beta of 2.14.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted 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. The firm had revenue of $176.50 million during 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%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Public Sector Pension Investment Board raised its holdings in shares of Alpha and Omega Semiconductor by 8.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 83,192 shares of the semiconductor company's stock valued at $2,135,000 after purchasing an additional 6,746 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company's stock valued at $127,000 after purchasing an additional 4,222 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $217,000. Bridgeway Capital Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 106.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 25,185 shares of the semiconductor company's stock valued at $646,000 after purchasing an additional 13,010 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $547,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

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.