On Jan. 06, Chang Mike F divested U.S. $3,506,220 in shares of Alpha and Omega Semiconductor Limited. The CEO, 10% sold 124,566 shares at a price per share of $28.15. The transaction decreased this specific insider’s holdings to 4,239,031 shares worth around $118.06 million at present.
B. Riley Securities maintained its Alpha and Omega Semiconductor Limited [AOSL] rating to the equivalent of a Buy but changed the price target to $26 from $22, in a research note dated November 06, 2020. That figure represents around a -7.12% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with B. Riley Securities’s analysts reiterating the shares to “a Buy” rating in a research note to investors issued in early November. Meanwhile, B. Riley FBR had raised its rating on AOSL to “Buy” from the earlier “Neutral”, in a research note produced for clients August 26, 2020. In addition, there was a downgrade from B. Riley FBR on March 19, 2020. The rater changed AOSL from “a Buy” to “a Neutral”.
Is Alpha and Omega Semiconductor Limited [NASDAQ:AOSL] a Good Buy Right Now?
It should be noted that AOSL technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 80% Buy in the last week and compares with 100% Buy in the past month. Data from Alpha and Omega Semiconductor Limited’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.3 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.28 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.2 million shares.
AOSL Price Performance
On Wall Street, Alpha and Omega Semiconductor Limited [NASDAQ:AOSL] finished Friday’s session down -2.25% at $27.85. The stock went up to $28.53 at the same session while its lowest single day price was $27.26. In the last five days, it saw a rise of about 17.81%, Alpha and Omega Semiconductor Limited shares gained by almost 17.81% since the beginning of the year. However, the share price has dropped to as low as -4.62% below its one year high. On 01/07/21, the company shares recorded $28.73, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $23.77. The company’s shares have inclined by 105.23% in the past year. The 50-day SMA achieved is $22.71 while the 200-day SMA is $14.43. Volume dropped to 0.2 million from 0.27 million in the previous session.
Alpha and Omega Semiconductor Limited [AOSL] Valuation Measures
Notably, Alpha and Omega Semiconductor Limited [AOSL] stock cannot be classified as a good candidate in the listing of underestimated low-priced Semiconductors companies to purchase soonest possible with the prevailing 12-month PE ratio of 480.17. The measure means the stock is exchanging at a premium as compared to the 33.16x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.46 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 2.66 which means AOSL serve an unattractive investment opportunity compared to its competitors.
AOSL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 27.23 level, and in case of violation of this particular level, it will cause more drop to 26.61 level. On the upper level, 29.15 is still the key resistance. The stock may increase to the subsequent resistance at 28.50. The Relative Strength Index (RSI) pinned on the 14-day chart is 67.35, implying a neutral technical stance while the MACD stands at 3.45, meaning price will increase in the next trading period. Percent R indicator moved to 13.03%, implying bullish price movement. Stochastic %K at 92.21% suggest selling the stock.
What is the short interest in Alpha and Omega Semiconductor Limited?
Short interest in the Alpha and Omega Semiconductor Limited stock has plunged, decreasing by 49640.0 shares to total 0.44 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.39 million, data from Yahoo Finance shows. The increase of 11.39% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.13% of the overall float for the stock.
Alpha and Omega Semiconductor Limited’s Biggest Shareholders: Who Owns Alpha and Omega Semiconductor Limited [AOSL]?
Filings by Dimensional Fund Advisors LP showed that the firm now holds a total of 1,991,052 shares or roughly 7.81% of the outstanding AOSL shares. This means their shares have reduced by -526 from the 1,991,052 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $36,129,979. Details in the latest 13F filings reveal that Royce & Associates LP disposed off their -5.50% stake valued at $35,192,294 while Russell Investment Management LLC cut theirs at $32,134,514. During the last quarter, Royce & Associates LP liquidated -82,400 of its shares in Alpha and Omega Semiconductor Limited while Russell Investment Management LLC sold -325,563 shares. The BlackRock Fund Advisors’s holdings currently number 1,170,696 shares at $32603883.6. According to the firm’s last 13F report, Renaissance Technologies LLC shares in the company at filing stood at 812,600 shares, roughly $20,184,984.
AOSL Earnings Forecast For The Current Quarter
Alpha and Omega Semiconductor Limited [AOSL] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $153.03M and an earnings per share of $0.54 for Dec 2020. Looking further ahead, the company is expected to report revenue of $140.07M at an EPS of $0.36 for Mar 2021. The estimates represent 4.60% and 6.93% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AOSL Earnings Estimates For The Current Year
For the financial year, Alpha and Omega Semiconductor Limited [NASDAQ:AOSL] is expected to bring in revenue of $592.5M. The returns are nearly $127.59 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 1.88, higher than that of FY20 by $1.0. Estimates put this year’s earnings growth at 113.60%, 6.90% for the next, and at an annual 17.00% over the next 5-year period. As for sales, forecasts are for an increase of 27.40% in the current fiscal year and a further 4.60% over the following year.
What are analyst thoughts on Alpha and Omega Semiconductor Limited?
Looking forward to the Alpha and Omega Semiconductor Limited share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Alpha and Omega Semiconductor Limited stock at $35.00 within the next 12 months, which represents almost 20.43 per cent growth from its previous closing price of $27.85. The highest analysts’ target for Alpha and Omega Semiconductor Limited stock projections is $35.00 and the lowest one is $22.00. Still, 3 analysts sharing their consensus rating for AOSL stock in 2021 agree that it is an Overweight.