Alpha and Omega Semiconductor (NASDAQ:AOSL) Announces Earnings Results, Beats Estimates By $0.11 EPS

Alpha and Omega Semiconductor (NASDAQ:AOSL) posted its quarterly earnings results on Wednesday. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11, FiscalAI reports. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The business had revenue of $170.37 million for the quarter, compared to analysts’ expectations of $168.00 million.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock traded up $1.44 on Wednesday, hitting $36.28. The company’s stock had a trading volume of 879,372 shares, compared to its average volume of 659,200. The stock’s 50 day moving average is $38.62 and its 200-day moving average is $32.41. Alpha and Omega Semiconductor has a fifty-two week low of $17.01 and a fifty-two week high of $54.34. The company has a market capitalization of $1.09 billion, a PE ratio of -10.19 and a beta of 2.60.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AOSL shares. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective for the company. Stifel Nicolaus upped their price target on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Lake Street Capital assumed coverage on shares of Alpha and Omega Semiconductor in a report on Thursday, June 25th. They issued a “buy” rating and a $58.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.00.

Insider Activity

In related news, EVP Bing Xue sold 4,916 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president directly owned 123,660 shares in the company, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at $62,000. Strs Ohio bought a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at $70,000. iSAM Funds UK Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter worth $91,000. Tower Research Capital LLC TRC grew its holdings in shares of Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 4,222 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Alpha and Omega Semiconductor by 146.1% in the third quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 3,635 shares during the period. Institutional investors own 78.97% of the company’s stock.

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.