Benzinga | Oct 5, 2020 10:35AM EDT

Why Alpha & Omega Semiconductors Is Trading Higher Today

Alpha & Omega Semiconductors (NASDAQ:AOSL) shares are trading higher on Monday after the company raised its first-quarter sales guidance above analyst estimates.

Alpha & Omega Semiconductor designs, develops and supplies a portfolio of power semiconductors targeting various applications, including personal computers, flat-panel TVs, LED lighting, smartphones, battery packs, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment.

Alpha & Omega Semiconductors shares traded up 13.97% to $14.90 on Monday. The stock has a 52-week high of $15.16 and a 52-week low of $5.82.