Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.3% – Here’s What Happened

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

Analyst Ratings Changes

AOSL has been the topic of several research reports. Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They issued a “buy” rating and a $50.00 price target on the stock. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, B. Riley Financial raised their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Stock Down 8.9%

The firm has a market capitalization of $1.21 billion, a PE ratio of -11.34 and a beta of 2.55. The company has a 50-day moving average of $37.26 and a 200 day moving average of $26.91.

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

Insider Activity at Alpha and Omega Semiconductor

In related news, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at $21,919,507.47. The trade was a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $30.57, for a total value of $810,624.69. Following the completion of the sale, the chief financial officer directly owned 278,628 shares of the company’s stock, valued at approximately $8,517,657.96. This represents a 8.69% 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. In the last three months, insiders have sold 59,860 shares of company stock valued at $1,913,960. Corporate insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently added to or reduced their stakes in AOSL. Weber Capital Management LLC ADV bought a new stake in shares of Alpha and Omega Semiconductor during the 4th quarter valued at about $10,842,000. State Street Corp grew its position in shares of Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after buying an additional 262,117 shares during the period. Millennium Management LLC boosted its position in shares of Alpha and Omega Semiconductor by 57.5% in the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after purchasing an additional 232,817 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Alpha and Omega Semiconductor by 12.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after purchasing an additional 158,869 shares in the last quarter. Finally, UBS Group AG increased its holdings in Alpha and Omega Semiconductor by 224.7% in the 4th quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after buying an additional 150,254 shares in 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.