Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Up 13.4% - Time to Buy?

Key Points

• AOSL shares rose 13.4% in Monday mid-day trading, from a prior close of $23.61; trading volume was about 76% below its daily average.
• Analyst views remain mixed, with a MarketBeat consensus rating of Hold and an average price target of $32.80. Recent target cuts ranged from $45 to $30 at Needham to $34 to $27 at Stifel.
• In its latest quarter, the company reported a loss of $0.07 per share, beating estimates for a $0.14 loss, while revenue of $177.76 million also exceeded expectations; revenue was down 2.6% year over year.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) rose 13.4% during mid-day trading on Monday. The company traded as high as $26.32 and last traded at $26.7640. Approximately 152,941 shares changed hands during trading, a decline of 76% from the average daily volume of 636,097 shares. The stock had previously closed at $23.61.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AOSL shares. B. Riley Financial lowered their target price on Alpha and Omega Semiconductor from $25.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday. Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "hold" rating for the company in a research note on Friday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Needham & Company LLC cut their target price on shares of Alpha and Omega Semiconductor from $45.00 to $30.00 and set a "buy" rating for the company in a research report on Friday. Finally, Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Alpha and Omega Semiconductor has a consensus rating of "Hold" and an average price target of $32.80.

Alpha and Omega Semiconductor Stock Performance

The business has a fifty day moving average price of $25.14 and a 200 day moving average price of $30.26. The firm has a market capitalization of $874.27 million, a price-to-earnings ratio of -18.71 and a beta of 2.69.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative net margin of 6.87% and a negative return on equity of 5.70%. The business had revenue of $177.76 million for the quarter, compared to the consensus estimate of $176.20 million. During the same quarter last year, the firm posted $0.13 EPS. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -1.70 earnings per share for the current year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Alpha and Omega Semiconductor by 15.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,095 shares of the semiconductor company's stock worth $113,000 after buying an additional 541 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at $40,000. Signaturefd LLC lifted its stake in Alpha and Omega Semiconductor by 877.0% in the 3rd quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 991 shares in the last quarter. Farther Finance Advisors LLC grew its position in Alpha and Omega Semiconductor by 2,008.6% during the third quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Alpha and Omega Semiconductor by 1.0% in the first quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company's stock worth $2,661,000 after acquiring an additional 1,178 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited NASDAQ: AOSL is a semiconductor company that designs, develops and supplies power management products. Its portfolio includes power MOSFETs, power integrated circuits, transient voltage suppressors, insulated-gate bipolar transistors and other power semiconductor devices used to manage, convert and protect electrical power.

The company's products are used in applications including personal computers, servers, telecommunications equipment, consumer electronics, industrial systems, automotive equipment and power supplies.

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