Mike Chang Acquires 33,727 Shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Mike Chang acquired 33,727 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average price of $19.00 per share, with a total value of $640,813.00. Following the completion of the acquisition, the director directly owned 4,369,574 shares of the company’s stock, valued at $83,021,906. This represents a 0.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL traded up $0.27 during trading hours on Tuesday, hitting $20.12. 367,656 shares of the company were exchanged, compared to its average volume of 277,904. The firm’s 50 day moving average is $21.71 and its 200-day moving average is $23.90. Alpha and Omega Semiconductor Limited has a 52 week low of $15.90 and a 52 week high of $33.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $162.26 million during the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.Alpha and Omega Semiconductor’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, February 6th. Zacks Research lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $23.67.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its stake in shares of Alpha and Omega Semiconductor by 634.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 895 shares during the period. PNC Financial Services Group Inc. lifted its position in Alpha and Omega Semiconductor by 49.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 504 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Alpha and Omega Semiconductor during the 3rd quarter valued at about $62,000. CWM LLC boosted its stake in shares of Alpha and Omega Semiconductor by 20.0% in the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 386 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter worth approximately $70,000. 78.97% of the stock is owned by institutional investors.

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.