Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 8% – Should You Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded down 8% during trading on Tuesday . The company traded as low as $28.56 and last traded at $28.5720. 77,932 shares were traded during mid-day trading, a decline of 88% from the average session volume of 662,903 shares. The stock had previously closed at $31.07.

Analysts Set New Price Targets

A number of research firms recently weighed in on AOSL. Stifel Nicolaus boosted their price target on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Needham & Company LLC decreased their target price on shares of Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Williams Trading set a $45.00 target price on shares of Alpha and Omega Semiconductor in a research note on Thursday, August 13th. Finally, Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Three analysts have 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, the company has a consensus rating of “Hold” and an average target price of $41.50.

Alpha and Omega Semiconductor Trading Down 4.4%

The company has a market capitalization of $812.30 million, a price-to-earnings ratio of -19.25 and a beta of 2.60. The firm’s fifty day simple moving average is $36.92 and its two-hundred day simple moving average is $32.76.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.11. The company had revenue of $170.37 million during the quarter, compared to analysts’ expectations of $168.00 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, analysts forecast that Alpha and Omega Semiconductor Limited will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 16.70% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently bought and sold shares of AOSL. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $62,000. Strs Ohio purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $70,000. iSAM Funds UK Ltd purchased a new position in Alpha and Omega Semiconductor in the third quarter worth approximately $91,000. Globeflex Capital L P purchased a new position in Alpha and Omega Semiconductor in the second quarter worth approximately $182,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Alpha and Omega Semiconductor during the 2nd quarter worth approximately $197,000. 78.97% of the stock is 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.