Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 6.7% – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares traded down 6.7% on Thursday . The company traded as low as $45.12 and last traded at $45.5980. 169,987 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 607,575 shares. The stock had previously closed at $48.86.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective for the company. B. Riley Financial boosted their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, February 6th. 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. Finally, Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.50.

Alpha and Omega Semiconductor Trading Down 8.1%

The stock’s fifty day moving average is $34.19 and its 200 day moving average is $25.63. The company has a market capitalization of $1.36 billion, a P/E ratio of -12.74 and a beta of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company had revenue of $163.79 million during the quarter, compared to analyst estimates of $160.07 million. During the same period in the prior year, the business posted ($0.10) EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bing Xue sold 1,832 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $31.21, for a total transaction of $57,176.72. Following the completion of the sale, the executive vice president directly owned 132,617 shares in the company, valued at $4,138,976.57. This represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 59,860 shares of company stock valued at $1,913,960. 16.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. raised its holdings in Alpha and Omega Semiconductor by 634.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Alpha and Omega Semiconductor in the 3rd quarter worth $62,000. Strs Ohio bought a new position in Alpha and Omega Semiconductor in the 1st quarter worth $70,000. iSAM Funds UK Ltd bought a new position in Alpha and Omega Semiconductor in the 3rd quarter worth $91,000. Finally, Tower Research Capital LLC TRC raised its holdings in Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 4,222 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

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.