Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Free Report) shares rose before the market open on Thursday after delivering a better-than-expected earnings report. The stock had previously closed at $33.47 but opened at $37.00. Alpha and Omega Semiconductor shares were last seen trading at $37.73 with volume of 69,310 shares changing hands.
The semiconductor company reported earnings per share of $0.09 for the quarter, beating the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company had revenue of $161.30 million during the quarter, compared to analyst expectations of $160.03 million. During the same period last year, the company reported earnings per share of $0.08. The company’s quarterly revenue decreased 0.1% compared to the year-ago quarter.
Changes in analyst ratings
Several research firms have commented on AOSL. Benchmark increased their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. B. Riley increased their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Stifel Nicolaus increased their price target on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research report on Thursday, July 18th.
Check out our latest research report on AOSL
Institutional investors comment on Alpha and Omega Semiconductor
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in shares of Alpha and Omega Semiconductor by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after buying an additional 400 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Alpha and Omega Semiconductor by 2.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 22,635 shares of the semiconductor company’s stock worth $590,000 after buying an additional 438 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Alpha and Omega Semiconductor by 3.2% in the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 613 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Alpha and Omega Semiconductor by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 893 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $36,000. 78.97% of the shares are owned by institutional investors.
Share price development of Alpha & Omega Semiconductor
The company’s 50 day moving average price is $36.71 and its 200 day moving average price is $28.24. The company has a market cap of $1.04 billion, a P/E ratio of -106.50 and a beta of 2.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23.
About Alpha and Omega Semiconductor
(Get free report)
Alpha and Omega Semiconductor Limited designs, develops and supplies power semiconductor products for computers, consumer electronics, communications and industrial applications in Hong Kong, China, South Korea, the United States and worldwide. The company offers discrete power products including metal oxide semiconductor field effect transistors (MOSFETs), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and medium voltage MOSFETs and insulated gate bipolar transistors for use in smartphone chargers, battery packs, notebooks, desktops and servers, data centers, base stations, graphics cards, game consoles, televisions, power supplies, power supplies, motor controllers, power tools, e-vehicles, home appliances and industrial motor drives, UPS systems, solar inverters and industrial welding equipment.
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