Insider Buying: Alpha and Omega Semiconductor (NASDAQ:AOSL) Director Purchases $640,813.00 in Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Mike Chang bought 33,727 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $19.00 per share, with a total value of $640,813.00. Following the completion of the acquisition, the director owned 4,369,574 shares in the company, valued at approximately $83,021,906. This represents a 0.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ AOSL opened at $21.20 on Friday. The company has a market capitalization of $630.91 million, a PE ratio of -6.11 and a beta of 1.99. The company’s fifty day moving average price is $21.78 and its 200 day moving average price is $23.87. Alpha and Omega Semiconductor Limited has a 1 year low of $15.90 and a 1 year high of $33.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data 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). The firm had revenue of $162.26 million during the quarter, compared to analysts’ expectations of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AOSL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Saturday, February 7th. Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Finally, Zacks Research lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $23.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $437,000. SG Americas Securities LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $3,559,000. Acuitas Investments LLC raised its stake in Alpha and Omega Semiconductor by 38.6% in the 3rd quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock valued at $6,736,000 after purchasing an additional 67,100 shares during the last quarter. Boston Partners raised its stake in Alpha and Omega Semiconductor by 29.3% in the 2nd quarter. Boston Partners now owns 769,687 shares of the semiconductor company’s stock valued at $19,751,000 after purchasing an additional 174,550 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Alpha and Omega Semiconductor by 74.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 80,351 shares of the semiconductor company’s stock valued at $2,062,000 after purchasing an additional 34,171 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other 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.