During the last session, Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL)’s traded shares were 1.78 million, with the beta value of the company hitting 2.42. At the end of the trading day, the stock’s price was $40.40, reflecting an intraday gain of 32.94% or $10.01. The 52-week high for the AOSL share is $47.45, that puts it down -17.45 from that peak though still a striking 52.03% gain since the share price plummeted to a 52-week low of $19.38. The company’s market capitalization is $1.17B, and the average intraday trading volume over the past 10 days was 0.49 million shares, and the average trade volume was 307.53K shares over the past three months.
Alpha & Omega Semiconductor Ltd (AOSL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. AOSL has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.08.
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Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) trade information
Alpha & Omega Semiconductor Ltd (AOSL) registered a 32.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 32.94% in intraday trading to $40.40, hitting a weekly high. The stock’s 5-day price performance is 35.34%, and it has moved by 14.03% in 30 days. Based on these gigs, the overall price performance for the year is 85.24%. The short interest in Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) is 0.86 million shares and it means that shorts have 5.7 day(s) to cover.
The consensus price target of analysts on Wall Street is $31.5, which implies a decrease of -28.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $21 and $42 respectively. As a result, AOSL is trading at a discount of -3.96% off the target high and 48.02% off the low.
Alpha & Omega Semiconductor Ltd (AOSL) estimates and forecasts
Statistics show that Alpha & Omega Semiconductor Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Alpha & Omega Semiconductor Ltd (AOSL) shares have gone up 48.26% during the last six months, with a year-to-date growth rate less than the industry average at -54.84% against -2.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -66.67% this quarter and then jump 108.33% in the quarter after that. In the rating firms’ projections, revenue will increase 3.97% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 170.07M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 161.03M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 165.28M and 150.06M respectively. In this case, analysts expect current quarter sales to grow by 2.89% and then jump by 7.31% in the coming quarter.
While earnings are projected to return -40.32% in 2024, the next five years will return 17.00% per annum.
AOSL Dividends
Alpha & Omega Semiconductor Ltd is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL)’s Major holders
Alpha & Omega Semiconductor Ltd insiders own 16.97% of total outstanding shares while institutional holders control 69.37%, with the float percentage being 83.54%. BLACKROCK INC. is the largest shareholder of the company, while 253.0 institutions own stock in it. As of 2024-06-30, the company held over 3.73 million shares (or 13.1115% of all shares), a total value of $139.32 million in shares.
The next largest institutional holding, with 2.17 million shares, is of VANGUARD GROUP INC’s that is approximately 7.6338% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $81.11 million.
