In today’s recent session, 0.52 million shares of the Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) have been traded, and its beta is 2.42. Most recently the company’s share price was $41.31, and it changed around $3.65 or 9.69% from the last close, which brings the market valuation of the company to $1.19B. AOSL at last check was trading at a discount to its 52-week high of $47.45, offering almost -14.86% off that amount. The share price’s 52-week low was $19.38, which indicates that the recent value has risen by an impressive 53.09% since then. We note from Alpha & Omega Semiconductor Ltd’s average daily trading volume that its 10-day average is 0.24 million shares, with the 3-month average coming to 384.01K.
Alpha & Omega Semiconductor Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended AOSL as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Alpha & Omega Semiconductor Ltd is expected to report earnings per share of 0.22 for the current quarter.
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Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) trade information
Instantly AOSL has been showing a green trend so far today with a performance of 9.69% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 41.28 on recent trading daydecreased the stock’s daily price by -0.07%. The company’s shares are currently up 58.52% year-to-date, but still up 14.65% over the last five days. On the other hand, Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) is 2.63% up in the 30-day period. We can see from the shorts that 0.79 million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $31.5, which translates to bulls needing to decrease their stock price by -31.14% from its current value. Analyst projections state that AOSL is forecast to be at a low of $21 and a high of $42.
Alpha & Omega Semiconductor Ltd (AOSL) estimates and forecasts
Alpha & Omega Semiconductor Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 90.72 percent over the past six months and at a -104.84% annual growth rate that is well below the industry average of -6.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -33.30% in revenue this quarter, and will report a decrease of -12.50% in the next quarter. The year-over-year growth rate is expected to be 8.00%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 180.07M in revenue for the current quarter. 3 analysts expect Alpha & Omega Semiconductor Ltd to make 175.67M in revenue for the current ending quarter.
Alpha & Omega Semiconductor Ltd earnings are expected to increase by 24.73% in 2024, but the outlook is positive 17.00% per year for the next five years.
AOSL Dividends
Alpha & Omega Semiconductor Ltd’s next quarterly earnings report is expected to be released on 2024-Nov-04.
Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.44% of Alpha & Omega Semiconductor Ltd shares, and 68.50% of them are in the hands of institutional investors. The stock currently has a share float of 82.97%. Alpha & Omega Semiconductor Ltd stock is held by 240.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 13.1115% of the shares, which is about 3.73 million shares worth $139.32 million.
VANGUARD GROUP INC, with 7.6338% or 2.17 million shares worth $81.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and John Hancock Small Cap Core Fd were the top two Mutual Funds as of Jul 31, 2024 . The former held 1.54 shares worth $62.3 million, making up 5.31% of all outstanding shares. On the other hand, John Hancock Small Cap Core Fd held roughly 724.97 shares worth around $29.34 million, which represents about 2.50% of the total shares outstanding.
