Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) – Analysts at B. Riley released their third quarter 2023 earnings per share (EPS) estimates for Alpha and Omega Semiconductor in a report released Monday, January 24. B. Riley analyst C. Ellis expects the semiconductor company to post earnings of $0.76 per share for the quarter. B. Riley has a “Buy” rating and a price target of $67.00 on the stock. B. Riley also released earnings estimates for Alpha and Omega Semiconductor for the fourth quarter of 2023 at $0.95 EPS.

Separately, Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor from a “strong buy” rating to a “hold” rating in a Wednesday, Jan. 5, report. One investment analyst has assigned the stock a hold rating and three have assigned the company’s stock a buy rating. According to MarketBeat, Alpha and Omega Semiconductor have an average rating of “Buy” and a consensus price target of $54.50.

Shares of AOSL opened at $41.55 on Wednesday. Alpha and Omega Semiconductor has a 1-year low of $23.66 and a 1-year high of $64.00. The company’s 50-day moving average is $51.10 and its 200-day moving average is $37.74. The company has a market capitalization of $1.10 billion, a price-earnings ratio of 15.92 and a beta of 2.49. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt ratio of 0.16. Alpha and Omega Semiconductor Inc (NASDAQ:AOSL) last released its quarterly results on Thursday, November 4. The semiconductor company reported EPS of $1.06 for the quarter, beating the Zacks consensus estimate of $0.95 by $0.11. Alpha and Omega Semiconductor had a net margin of 10.39% and a return on equity of 15.51%. The company posted revenue of $187.00 million for the quarter, versus analyst estimates of $180.00 million. In the same period a year earlier, the company had earned earnings per share of $0.44. The company’s revenue for the quarter increased 5.5% compared to the same quarter last year.

A number of large investors have recently increased or reduced their stakes in the stock. FMR LLC increased its stake in Alpha and Omega Semiconductor by 38.5% in the 1st quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company valued at $15,634,000 after purchasing an additional 377,800 shares during the period. Morgan Stanley increased its stakes in Alpha and Omega Semiconductor by 300.3% in the second quarter. Morgan Stanley now owns 226,307 shares of the semiconductor company valued at $6,876,000 after purchasing an additional 169,776 shares during the period. Vanguard Group Inc. increased its stakes in Alpha and Omega Semiconductor by 14.9% in the second quarter. Vanguard Group Inc. now owns 1,272,997 shares of the semiconductor company valued at $38,687,000 after purchasing an additional 165,152 shares during the period. Millennium Management LLC increased its stakes in Alpha and Omega Semiconductor by 104.2% in the second quarter. Millennium Management LLC now owns 213,305 shares of the semiconductor company valued at $6,482,000 after purchasing an additional 108,861 shares during the period. Finally, LSV Asset Management bought a new position in Alpha and Omega Semiconductor in Q3 valued at around $2,891,000. 56.35% of the shares are currently held by institutional investors and hedge funds.

Separately, Executive Vice President Bing Xue sold 5,814 shares of the company in a transaction dated Friday, Dec. 10. The shares were sold at an average price of $54.49, for a total transaction of $316,804.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, Director Yueh-Se Ho sold 51,742 shares of the company in a transaction dated Friday, November 5. The stock was sold at an average price of $40.00, for a total transaction of $2,069,680.00. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 74,395 shares of the company valued at $3,135,785. 19.90% of the shares are held by insiders.

About Alpha and Omega Semiconductor

Alpha & Omega Semiconductor Ltd. designs, develops and supplies power semiconductors. Its products include analog switches, insulated-gate bipolar transistors, metal-oxide-semiconductor field-effect transistors, power integrated circuits and transient voltage suppressors. The Company operates through the following geographic segments: Hong Kong, China, South Korea, United States and Others.

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