Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up – What’s Next?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped up prior to trading on Monday. The stock had previously closed at $21.75, but opened at $23.00. Alpha and Omega Semiconductor shares last traded at $22.3490, with a volume of 50,030 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Needham & Company LLC lowered their price objective on shares of 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. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Stifel Nicolaus cut their target price on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Williams Trading set a $45.00 price target on Alpha and Omega Semiconductor in a report on Thursday, August 13th. Finally, Lake Street Capital started coverage on Alpha and Omega Semiconductor in a report on Thursday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.17.

Alpha and Omega Semiconductor Trading Up 1.9%

The stock’s 50 day simple moving average is $26.61 and its two-hundred day simple moving average is $34.13.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.11. The firm had revenue of $170.37 million for the quarter, compared to analysts’ expectations of $168.00 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth about $40,000. Farther Finance Advisors LLC grew its position in Alpha and Omega Semiconductor by 2,008.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,165 shares during the last quarter. Globeflex Capital L P purchased a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at about $182,000. GAMMA Investing LLC grew its position in Alpha and Omega Semiconductor by 15.2% during 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 during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at about $197,000. 78.97% of the stock is owned by institutional investors.

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 discrete devices, power integrated circuits, power modules and related products used to control, convert and manage electrical power in electronic systems.

The company’s products include power MOSFETs, insulated-gate bipolar transistors, silicon carbide and gallium nitride devices, transient-voltage-suppression products, and various power-management integrated circuits.