Alpha and Omega Semiconductor (NASDAQ:AOSL) Sets New 52-Week Low Following Analyst Downgrade

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) hit a new 52-week low on Thursday after Stifel Nicolaus lowered their price target on the stock from $23.00 to $21.00. Stifel Nicolaus currently has a sell rating on the stock. Alpha and Omega Semiconductor traded as low as $20.00 and last traded at $20.05, with a volume of 64376 shares trading hands. The stock had previously closed at $20.66.

Several other research analysts have also commented on the company. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. B. Riley raised Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $28.00 to $34.00 in a report on Tuesday, January 2nd.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 14,292 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $22.77, for a total transaction of $325,428.84. Following the completion of the transaction, the executive vice president now directly owns 131,291 shares in the company, valued at $2,989,496.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Michael L. Pfeiffer sold 2,673 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $27.34, for a total value of $73,079.82. Following the sale, the director now directly owns 61,157 shares in the company, valued at approximately $1,672,032.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bing Xue sold 14,292 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $22.77, for a total value of $325,428.84. Following the completion of the sale, the executive vice president now owns 131,291 shares in the company, valued at $2,989,496.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,366 shares of company stock worth $1,762,493. 17.90% of the stock is owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently added to or reduced their stakes in the business. Overbrook Management Corp acquired a new stake in Alpha and Omega Semiconductor in the 1st quarter valued at approximately $260,000. Vanguard Group Inc. increased its position in shares of Alpha and Omega Semiconductor by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,085,173 shares of the semiconductor company’s stock valued at $54,340,000 after purchasing an additional 50,142 shares during the period. Wellington Management Group LLP increased its position in shares of Alpha and Omega Semiconductor by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Alpha and Omega Semiconductor by 1.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 58,598 shares of the semiconductor company’s stock valued at $1,527,000 after purchasing an additional 1,014 shares during the period. Finally, Pineridge Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter valued at $30,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Trading Down 3.4 %

The company has a market capitalization of $564.47 million, a price-to-earnings ratio of -31.71 and a beta of 2.39. The firm has a 50-day moving average price of $22.29 and a 200-day moving average price of $24.22. The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. The company had revenue of $165.29 million for the quarter, compared to analysts’ expectations of $165.00 million. As a group, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.5 EPS for the current year.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It 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 for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.