The stock of Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) hit a new 52-week high and has $26.43 target or 107.00% above today’s $12.77 share price. The 6 months bullish chart indicates low risk for the $282.24M company. The 1-year high was reported on Apr, 12 by Barchart.com. If the $26.43 price target is reached, the company will be worth $302.00M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.50% or $0.55 during the last trading session, hitting $12.77. About 287,699 shares traded hands or 1.04% up from the average. Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) has risen 60.83% since September 3, 2015 and is uptrending. It has outperformed by 56.17% the S&P500.
Analysts await Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to reports earnings on May, 3. They expect $-0.10 EPS, up 37.50% or $0.06 from last year’s $-0.16 per share. After $-0.05 actual EPS reported by Alpha and Omega Semiconductor Ltd for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.
Out of 3 analysts covering Alpha and Omega Semiconductor (NASDAQ:AOSL), 1 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Alpha and Omega Semiconductor was the topic in 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc.
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.”
The institutional sentiment decreased to 0.49 in Q3 2015. Its down 0.56, from 1.05 in 2015Q2. The ratio dropped, as 13 funds sold all Alpha and Omega Semiconductor Ltd shares owned while 32 reduced positions. 4 funds bought stakes while 18 increased positions. They now own 17.71 million shares or 13.85% more from 15.56 million shares in 2015Q2.
Gagnon Advisors Llc holds 4.01% of its portfolio in Alpha and Omega Semiconductor Ltd for 632,311 shares. Gagnon Securities Llc owns 889,856 shares or 3.39% of their US portfolio. Moreover, Raging Capital Management Llc has 2.65% invested in the company for 2.59 million shares. The California-based True Bearing Asset Management Lp has invested 1.87% in the stock. Mork Capital Management, a California-based fund reported 100,000 shares.
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