Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading 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)'s share price traded up 9.1% during mid-day trading on Tuesday . The stock traded as high as $27.45 and last traded at $27.58. 84,068 shares changed hands during trading, a decline of 82% from the average session volume of 475,402 shares. The stock had previously closed at $25.28.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. B. Riley raised their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their price target for the stock from $18.00 to $25.00 in a report on Tuesday, July 15th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. Finally, Benchmark cut 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 report on Friday, May 9th.

Alpha and Omega Semiconductor Stock Down 2.1%

The stock has a market capitalization of $779.63 million, a PE ratio of -8.10 and a beta of 2.14. The firm's fifty day moving average is $26.34 and its 200-day moving average is $25.81. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.02.

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, beating 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 during the quarter, compared to analyst estimates of $170.03 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict 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 made changes to their positions in the business. Hood River Capital Management LLC purchased a new position in Alpha and Omega Semiconductor in the 4th quarter valued at about $42,162,000. Robeco Schweiz AG acquired a new position in shares of Alpha and Omega Semiconductor during the first quarter valued at approximately $19,434,000. Invesco Ltd. grew its position in Alpha and Omega Semiconductor by 409.1% in the first quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company's stock worth $18,881,000 after buying an additional 610,336 shares during the last quarter. Boston Partners boosted its stake in Alpha and Omega Semiconductor by 2,738.7% in the 1st quarter. Boston Partners now owns 595,137 shares of the semiconductor company's stock worth $14,782,000 after purchasing an additional 574,172 shares during the period. Finally, Clearline Capital LP acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at $9,267,000. Institutional investors and hedge funds own 78.97% of the company's stock.

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.