Alpha and Omega Semiconductor (NASDAQ:AOSL) Reaches New 52-Week High After Earnings Beat

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price hit a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $46.33 and last traded at $46.9140, with a volume of 534629 shares trading hands. The stock had previously closed at $43.75.

The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. Alpha and Omega Semiconductor’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned ($0.10) EPS.

Analyst Ratings Changes

AOSL has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. B. Riley Financial raised their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Finally, Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a “buy” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $30.50.

Insider Activity

In related news, Director Mike F. Chang purchased 33,727 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $19.00 per share, with a total value of $640,813.00. Following the acquisition, the director directly owned 4,369,574 shares in the company, valued at $83,021,906. The trade was a 0.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yifan Liang sold 8,625 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $35.00, for a total transaction of $301,875.00. Following the sale, the chief financial officer directly owned 270,003 shares in the company, valued at approximately $9,450,105. The trade was a 3.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,860 shares of company stock valued at $1,913,960 in the last quarter. 16.70% of the stock is owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after acquiring an additional 33,959 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Alpha and Omega Semiconductor by 4.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after acquiring an additional 73,631 shares during the last quarter. State Street Corp boosted its holdings in shares of Alpha and Omega Semiconductor by 21.6% during the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 262,117 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after acquiring an additional 113,077 shares during the last quarter. Finally, Robeco Schweiz AG boosted its holdings in shares of Alpha and Omega Semiconductor by 0.4% during the 3rd quarter. Robeco Schweiz AG now owns 785,264 shares of the semiconductor company’s stock valued at $21,956,000 after acquiring an additional 2,761 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

The business’s fifty day moving average price is $27.56 and its 200-day moving average price is $24.05. The stock has a market cap of $1.13 billion, a PE ratio of -10.65 and a beta of 2.58.

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.