Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.3% – Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price fell 7.3% during mid-day trading on Tuesday . The stock traded as low as $40.65 and last traded at $40.9640. 292,585 shares were traded during trading, a decline of 55% from the average session volume of 644,343 shares. The stock had previously closed at $44.20.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AOSL. Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 target price on the stock. B. Riley Financial increased their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Price Performance

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -12.17 and a beta of 2.55. The business’s 50 day moving average price is $38.00 and its 200-day moving average price is $27.21.

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, topping analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.Alpha and Omega Semiconductor’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.10) earnings per share. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, CEO Stephen Chunping Chang sold 14,884 shares of the company’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 approximately $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 2,408 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $21.92, for a total value of $52,783.36. Following the sale, the executive vice president owned 113,631 shares in the company, valued at approximately $2,490,791.52. The trade was a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 59,860 shares of company stock worth $1,913,960. 16.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in shares of Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter worth approximately $62,000. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor during the first quarter valued at about $70,000. iSAM Funds UK Ltd acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at $91,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 4,222 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.