Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 8.7% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was down 8.7% on Wednesday . The stock traded as low as $48.00 and last traded at $48.68. Approximately 289,854 shares were traded during trading, a decline of 54% from the average daily volume of 627,791 shares. The stock had previously closed at $53.32.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AOSL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. B. Riley Financial increased their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. 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. Stifel Nicolaus cut 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. Finally, Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average price target of $30.50.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $1.53 billion, a P/E ratio of -14.33 and a beta of 2.55. The stock’s fifty day moving average price is $34.64 and its 200 day moving average price is $25.85.

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

Insider Transactions at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 8,625 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, April 17th. The stock was sold at an average price of $35.00, for a total transaction of $301,875.00. Following the completion of the sale, the chief financial officer directly owned 270,003 shares of the company’s stock, valued at $9,450,105. The trade was a 3.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mike F. Chang bought 33,727 shares of the stock in a transaction on Monday, March 9th. The stock was purchased at an average price of $19.00 per share, with a total value of $640,813.00. Following the completion of the acquisition, the director directly owned 4,369,574 shares in the company, valued at approximately $83,021,906. This trade represents a 0.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 59,860 shares of company stock worth $1,913,960 over the last three months. Company insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after acquiring an additional 624 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Alpha and Omega Semiconductor by 9.2% in the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 755 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Alpha and Omega Semiconductor by 1.8% in the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock worth $932,000 after purchasing an additional 844 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 634.8% during the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 895 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 5.5% during the fourth quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after purchasing an additional 1,053 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.