Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.40 and traded as high as $23.71. Alpha and Omega Semiconductor shares last traded at $23.31, with a volume of 215,491 shares.

Analyst Ratings Changes

Several equities research analysts have commented on AOSL shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Zacks Research cut Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Finally, Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.67.

Alpha and Omega Semiconductor Stock Performance

The stock has a market cap of $656.21 million, a PE ratio of -6.35 and a beta of 1.99. The company has a 50 day moving average of $21.74 and a two-hundred day moving average of $23.35.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The business had revenue of $162.26 million during the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 2,408 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $21.92, for a total transaction of $52,783.36. Following the completion of the sale, the executive vice president owned 113,631 shares of the company’s stock, valued at $2,490,791.52. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike F. Chang purchased 33,727 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $640,813.00. Following the completion of the purchase, the director directly owned 4,369,574 shares in the company, valued at $83,021,906. This represents a 0.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 16.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $3,559,000. Acuitas Investments LLC lifted its holdings in Alpha and Omega Semiconductor by 38.6% in the 3rd quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock valued at $6,736,000 after purchasing an additional 67,100 shares in the last quarter. Boston Partners boosted its stake in Alpha and Omega Semiconductor by 86.4% during the 2nd quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock worth $28,467,000 after purchasing an additional 514,240 shares during the last quarter. Geode Capital Management LLC boosted its stake in Alpha and Omega Semiconductor by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 601,672 shares of the semiconductor company’s stock worth $15,441,000 after purchasing an additional 2,785 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth $1,012,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.