In the latest trading session, 0.65 million Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) shares changed hands as the company’s beta touched 2.48. With the company’s most recent per share price at $45.32 changing hands around $3.93 or 9.50% at last look, the market valuation stands at $1.32B. AOSL’s current price is a discount, trading about -4.7% off its 52-week high of $47.45. The share price had its 52-week low at $19.38, which suggests the last value was 57.24% up since then. When we look at Alpha & Omega Semiconductor Ltd’s average trading volume, we note the 10-day average is 1.03 million shares, with the 3-month average coming to 402.22K.
Analysts gave the Alpha & Omega Semiconductor Ltd (AOSL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AOSL as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Alpha & Omega Semiconductor Ltd’s EPS for the current quarter is expected to be 0.08.
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Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) trade information
Instantly AOSL is in green as seen in intraday trades today. With action 12.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 73.91%, with the 5-day performance at 12.29% in the green. However, in the 30-day time frame, Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) is 33.29% up. Looking at the short shares, we see there were 1.07 million shares sold at short interest cover period of 3.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 31.5, meaning bulls need a downside of -43.87% from its recent market value. According to analyst projections, AOSL’s forecast low is 21 with 42 as the target high. To hit the forecast high, the stock’s price needs a 7.33% surge from its current level, while the stock would need to tank 53.66% for it to hit the projected low.
Alpha & Omega Semiconductor Ltd (AOSL) estimates and forecasts
Data shows that the Alpha & Omega Semiconductor Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 59.58% over the past 6 months, a -54.84% in annual growth rate that is considerably lower than the industry average of -2.80%. Year-over-year growth is forecast to reach 3.97% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 170.07M. 3 analysts are of the opinion that Alpha & Omega Semiconductor Ltd’s revenue for the current quarter will be 161.03M. The company’s revenue for the corresponding quarters a year ago was 165.28M and 150.06M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.89%. The estimates for the next quarter sales put growth at 7.31%.
The 2024 estimates are for Alpha & Omega Semiconductor Ltd earnings to decrease by -40.32%, but the outlook for the next 5-year period is at 17.00% per year.
AOSL Dividends
Alpha & Omega Semiconductor Ltd is expected to release its next quarterly earnings report in January.
Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.97% of Alpha & Omega Semiconductor Ltd shares while 69.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.61%. There are 69.43% institutions holding the Alpha & Omega Semiconductor Ltd stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 13.1115% of the shares, roughly 3.73 million AOSL shares worth $139.32 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.6338% or 2.17 million shares worth $81.11 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 1.57 shares estimated at $71.9 million under it, the former controlled 5.40% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.25% of the shares, roughly 652.2 shares worth around $29.89 million.
