The stock of Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) reached all time high today, Nov, 29 and still has $24.85 target or 8.00% above today’s $23.01 share price. This indicates more upside for the $548.47M company. This technical setup was reported by Barchart.com. If the $24.85 PT is reached, the company will be worth $43.88 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 28,225 shares traded hands. Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) has risen 71.65% since April 26, 2016 and is uptrending. It has outperformed by 66.39% the S&P500.
Analysts await Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to report earnings on February, 1. They expect $0.08 earnings per share, up 260.00% or $0.13 from last year’s $-0.05 per share. AOSL’s profit will be $1.91 million for 71.91 P/E if the $0.08 EPS becomes a reality. After $0.14 actual earnings per share reported by Alpha and Omega Semiconductor Ltd for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.
Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) Ratings Coverage
Out of 5 analysts covering Alpha and Omega Semiconductor (NASDAQ:AOSL), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $26 is the highest target while $8.50 is the lowest. The $16.17 average target is -29.73% below today’s ($23.01) stock price. Alpha and Omega Semiconductor has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, August 11 by B. Riley & Co. The firm has “Neutral” rating by B. Riley & Co given on Thursday, February 4. As per Thursday, February 4, the company rating was upgraded by Northland Capital. The rating was maintained by B.riley with “Buy” on Wednesday, September 28. The rating was downgraded by TheStreet on Saturday, August 29 to “Hold”. The firm earned “Neutral” rating on Thursday, March 17 by Sidoti. Sidoti initiated the stock with “Buy” rating in Monday, January 11 report. B. Riley & Co maintained the stock with “Neutral” rating in Wednesday, August 12 report. As per Friday, August 7, the company rating was downgraded by Stifel Nicolaus.
According to Zacks Investment Research, “Alpha and Omega Semiconductor Limited is engaged in designing, developing and supplying a broad range of power semiconductors globally, including a portfolio of Power MOSFET and Power IC products. The Company seeks to differentiate itself by integrating its expertise in device physics, process technology, design and advanced packaging to optimize product performance and cost. Its portfolio of products targets high-volume end-market applications, such as notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players and power supplies. The products are incorporated into devices by original equipment manufacturers, or OEMs. The Company utilizes third-party foundries for all of its wafer fabrication and it deploys and implements its proprietary MOSFET processes at these third party foundries. The Company relies upon its in-house capacity and an associated provider for most of its packaging and testing requirements.”
Insitutional Activity: The institutional sentiment increased to 2.28 in Q2 2016. Its up 1.03, from 1.25 in 2016Q1. The ratio is positive, as 8 funds sold all Alpha and Omega Semiconductor Ltd shares owned while 28 reduced positions. 10 funds bought stakes while 35 increased positions. They now own 12.66 million shares or 6.58% less from 13.55 million shares in 2016Q1.
Blackrock holds 0% or 9,249 shares in its portfolio. The Massachusetts-based Geode Capital Mgmt Ltd Llc has invested 0% in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). Ajo Lp has invested 0.01% of its portfolio in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). Bancorporation Of Mellon has invested 0% of its portfolio in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). Nationwide Fund has 0% invested in the company for 33,275 shares. Prudential Financial Inc has 0% invested in the company for 118,245 shares. Schwab Charles Invest Management last reported 0% of its portfolio in the stock. Eagle Glob Advsr Limited Co holds 0.01% or 21,440 shares in its portfolio. Royal State Bank Of Canada accumulated 0% or 17,131 shares. Natl Bank Of America De has invested 0% of its portfolio in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). Grt Capital Prtnrs Limited Liability Company holds 0.05% or 13,094 shares in its portfolio. Hillsdale Inv Mngmt Incorporated has 29,800 shares for 0.12% of their US portfolio. Clarivest Asset Mngmt Ltd Com holds 788 shares or 0% of its portfolio. Moreover, Morgan Stanley has 0% invested in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) for 219,209 shares. The New York-based Jpmorgan Chase Communications has invested 0% in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL).
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 11 sales for $4.81 million net activity. On Wednesday, September 21 Ho Yueh-Se sold $763,429 worth of the stock or 36,971 shares. On Monday, October 10 the insider Chang Mike F sold $1.13M. On Tuesday, November 22 the insider Chang Daniel Kuang Ming sold $85,440. Another trade for 17,436 shares valued at $278,976 was sold by Liang Yifan.
More recent Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) news were published by: Marketwatch.com which released: “Alpha & Omega Semiconductor stock price target raised to $20.50 from $12.50 at …” on April 29, 2010. Also Quotes.Wsj.com published the news titled: “News Alpha & Omega Semiconductor Inc.AOSL” on February 11, 2011. Zacks.com‘s news article titled: “Others Overlooked Alpha amp; Omega Semiconductor (AOSL), Should You Buy It Now?” with publication date: November 11, 2016 was also an interesting one.
AOSL Company Profile
Alpha and Omega Semiconductor Limited, incorporated on September 27, 2000, is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s portfolio of products focuses high-volume applications, including personal computers, flat panel televisions, light-emitting diode (LED) lighting, smart phones, battery packs, consumer and industrial motor controls and power supplies for television, computers, servers and telecommunications equipment. The Firm sells its products primarily to distributors in the Asia Pacific region, who in turn sell these products to end customers. The Firm conducts its activities primarily in the United States, Hong Kong, China, Taiwan, Korea and Japan.
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