Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 6.7% – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price was down 6.7% during mid-day trading on Thursday . The company traded as low as $45.12 and last traded at $45.5980. Approximately 169,987 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 607,575 shares. The stock had previously closed at $48.86.

Analyst Ratings Changes

AOSL has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Needham & Company LLC initiated coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 price target on the stock. Wall Street Zen upgraded 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 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 upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Stock Down 1.0%

The firm has a 50 day simple moving average of $33.15 and a 200-day simple moving average of $25.29. The stock has a market cap of $1.45 billion, a P/E ratio of -13.64 and a beta of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate 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%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,832 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.21, for a total value of $57,176.72. Following the sale, the executive vice president owned 132,617 shares in the company, valued at $4,138,976.57. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 8,625 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $35.00, for a total value of $301,875.00. Following the completion of the sale, the chief financial officer owned 270,003 shares in the company, valued at $9,450,105. This represents a 3.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 59,860 shares of company stock worth $1,913,960 over the last ninety days. 16.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Alpha and Omega Semiconductor by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after buying an additional 33,959 shares during the period. The Manufacturers Life Insurance Company raised its stake in Alpha and Omega Semiconductor by 4.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after buying an additional 73,631 shares during the period. State Street Corp grew its position in shares of Alpha and Omega Semiconductor by 21.6% in the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 262,117 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Alpha and Omega Semiconductor by 15.0% in the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after purchasing an additional 113,077 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Alpha and Omega Semiconductor by 57.5% in the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after purchasing an additional 232,817 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

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.