Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 11% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was down 11% during mid-day trading on Thursday . The company traded as low as $39.35 and last traded at $38.7470. Approximately 269,982 shares were traded during trading, a decline of 60% from the average daily volume of 671,282 shares. The stock had previously closed at $43.52.

Wall Street Analyst Weigh In

AOSL has been the subject of several recent analyst reports. Lake Street Capital initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They issued a “buy” rating and a $58.00 target price for the company. Needham & Company LLC started coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price target on the stock. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.00.

Alpha and Omega Semiconductor Stock Performance

The business has a 50 day moving average of $43.41 and a 200-day moving average of $29.99. The firm has a market capitalization of $1.11 billion, a P/E ratio of -10.42 and a beta of 2.55.

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

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the transaction, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. This represents a 3.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 62,368 shares of company stock worth $2,092,671 over the last ninety days. Company insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $62,000. Strs Ohio bought a new stake in Alpha and Omega Semiconductor in the 1st quarter valued at approximately $70,000. iSAM Funds UK Ltd acquired a new position in Alpha and Omega Semiconductor during the 3rd quarter worth approximately $91,000. Tower Research Capital LLC TRC boosted its position in 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 worth $127,000 after acquiring an additional 4,222 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Alpha and Omega Semiconductor by 146.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 3,635 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

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.