Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 8.2% - Time to Buy?

Key Points

• Alpha and Omega Semiconductor shares jumped 8.2% to $23.78, though trading volume was 91% below the average session volume.
• Analyst sentiment is mixed: three analysts rate the stock Buy, three Hold, and one Sell, producing an overall “Hold” rating and a consensus price target of $38.67.
• The company beat quarterly EPS and revenue expectations, but remained unprofitable with negative margins, declining year-over-year revenue, and analysts forecasting a full-year loss.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price shot up 8.2% during trading on Tuesday. The company traded as high as $23.51 and last traded at $23.78. Approximately 55,635 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 633,154 shares. The stock had previously closed at $21.97.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AOSL. Needham & Company LLC decreased their price objective on Alpha and Omega Semiconductor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. Wall Street Zen downgraded Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a "hold" rating for the company in a research report on Monday, October 5th. Finally, Williams Trading set a $45.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Thursday, August 13th. Three 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, the company presently has an average rating of "Hold" and a consensus price target of $38.67.

Alpha and Omega Semiconductor Price Performance

The company has a market capitalization of $733.05 million, a PE ratio of -17.15 and a beta of 2.64. The company's fifty day moving average is $26.12 and its 200-day moving average is $30.24.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.11. The firm had revenue of $170.37 million during the quarter, compared to analyst estimates of $168.00 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. Equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. increased its position in shares of Alpha and Omega Semiconductor by 21.3% during the third quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company's stock worth $6,785,000 after purchasing an additional 43,275 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at $784,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter worth $877,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter worth $351,000. Finally, Principal Financial Group Inc. grew its stake in Alpha and Omega Semiconductor by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company's stock worth $2,661,000 after buying an additional 1,178 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.