Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 5.7%

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) dropped 5.7% during trading on Thursday . The company traded as low as $25.12 and last traded at $25.15. Approximately 2,926 shares changed hands during trading, a decline of 99% from the average daily volume of 280,866 shares. The stock had previously closed at $26.66.

AOSL has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Alpha and Omega Semiconductor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 7th. B. Riley boosted their price target on shares of Alpha and Omega Semiconductor from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, May 6th.

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.80 and a quick ratio of 1.12. The stock has a market capitalization of $663.47 million, a PE ratio of 14.12 and a beta of 2.59. The stock has a fifty day simple moving average of $29.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Tuesday, May 4th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.22. The firm had revenue of $169.21 million for the quarter, compared to the consensus estimate of $157.00 million. Alpha and Omega Semiconductor had a net margin of 6.39% and a return on equity of 10.65%. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post 2.19 EPS for the current year.

In related news, EVP Bing Xue sold 2,167 shares of the business’s stock in a transaction dated Thursday, June 10th. The shares were sold at an average price of $30.29, for a total value of $65,638.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.60% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of AOSL. FMR LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 38.5% in the 1st quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock worth $15,634,000 after buying an additional 377,800 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Alpha and Omega Semiconductor by 6.2% during the fourth quarter. Bank of New York Mellon Corp now owns 82,224 shares of the semiconductor company’s stock valued at $1,943,000 after purchasing an additional 4,780 shares during the last quarter. Rhumbline Advisers lifted its holdings in Alpha and Omega Semiconductor by 14.5% during the fourth quarter. Rhumbline Advisers now owns 34,168 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 4,325 shares during the last quarter. Citigroup Inc. lifted its holdings in Alpha and Omega Semiconductor by 267.0% during the fourth quarter. Citigroup Inc. now owns 4,118 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 2,996 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at about $26,000. 59.38% of the stock is currently owned by institutional investors.

About Alpha and Omega Semiconductor (NASDAQ:AOSL)

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications. The company offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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