Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.50 and traded as high as $34.75. Alpha and Omega Semiconductor shares last traded at $33.81, with a volume of 404,066 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Friday, July 17th. Stifel Nicolaus upped their price objective on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley Financial raised their target price on 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. Finally, Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average price target of $40.00.

Alpha and Omega Semiconductor Stock Performance

The business’s 50 day moving average price is $41.46 and its two-hundred day moving average price is $31.50. The company has a market capitalization of $923.34 million, a price-to-earnings ratio of -8.67 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The firm had revenue of $163.79 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the transaction, the executive vice president directly owned 123,660 shares of the company’s stock, valued at $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in AOSL. Northwestern Mutual Wealth Management Co. acquired a new position in Alpha and Omega Semiconductor in the third quarter worth approximately $62,000. Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth $70,000. iSAM Funds UK Ltd purchased a new stake in shares of Alpha and Omega Semiconductor during the third quarter valued at $91,000. Tower Research Capital LLC TRC lifted its holdings in shares of Alpha and Omega Semiconductor by 574.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Alpha and Omega Semiconductor by 79.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock valued at $157,000 after purchasing an additional 3,519 shares during the period. 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 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.