Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Up 8.2% – What’s Next?

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. B. Riley Financial decreased their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Williams Trading set a $45.00 target price on Alpha and Omega Semiconductor in a research note on Thursday, August 13th. Finally, Needham & Company LLC reduced their target price on Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.67.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $733.05 million, a price-to-earnings ratio of -17.15 and a beta of 2.64. The firm has a fifty day moving average of $26.12 and a 200 day moving average of $30.24.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The company had revenue of $170.37 million during the quarter, compared to analysts’ expectations of $168.00 million. During the same period last year, the business earned $0.02 earnings per share. Alpha and Omega Semiconductor’s quarterly revenue was down 3.5% on a year-over-year basis. Research analysts predict that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in AOSL. Signaturefd LLC boosted its stake in shares of Alpha and Omega Semiconductor by 877.0% during the 3rd quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 991 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at about $640,000. GAMMA Investing LLC increased its stake in shares of Alpha and Omega Semiconductor by 15.2% in the 3rd quarter. GAMMA Investing LLC now owns 4,095 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 541 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Alpha and Omega Semiconductor by 2,008.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 1,165 shares during the period. Finally, Congress Asset Management Co. raised its holdings in Alpha and Omega Semiconductor by 21.3% in the 3rd 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 during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.