Insider Selling: Alpha and Omega Semiconductor (NASDAQ:AOSL) CEO Sells $513,051.48 in Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) CEO Stephen Chunping Chang sold 14,884 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.47, for a total transaction of $513,051.48. Following the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at $21,919,507.47. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Chunping Chang also recently made the following trade(s):

• On Tuesday, April 14th, Stephen Chunping Chang sold 5,594 shares of Alpha and Omega Semiconductor stock. The shares were sold at an average price of $31.90, for a total transaction of $178,448.60.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $40.68 on Thursday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -11.72 and a beta of 1.94. The company’s 50-day simple moving average is $23.95 and its two-hundred day simple moving average is $23.25. Alpha and Omega Semiconductor Limited has a one year low of $16.99 and a one year high of $45.22.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Alpha and Omega Semiconductor Limited will post -1.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AOSL. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. B. Riley Financial raised their price target on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday. Finally, Stifel Nicolaus lowered their price target on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and an average price target of $24.00.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors have recently bought and sold shares of AOSL. Weber Capital Management LLC ADV purchased a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth $10,842,000. State Street Corp raised its holdings in shares of Alpha and Omega Semiconductor by 21.6% in the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after buying an additional 262,117 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 57.5% in the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after buying an additional 232,817 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after buying an additional 158,869 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after buying an additional 150,254 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.