Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $52.72, but opened at $49.01. Alpha and Omega Semiconductor shares last traded at $48.5050, with a volume of 130,077 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AOSL. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus lowered their price objective on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Needham & Company LLC began coverage on Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Finally, Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research 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’s stock. Based on data from MarketBeat, Alpha and Omega Semiconductor presently has an average rating of “Hold” and an average target price of $30.50.

Alpha and Omega Semiconductor Stock Performance

The stock has a market capitalization of $1.26 billion, a PE ratio of -11.80 and a beta of 2.55. The stock has a 50-day moving average price of $36.83 and a two-hundred day moving average price of $26.66.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $163.79 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.10) EPS. As a group, equities analysts predict 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, Director Mike F. Chang bought 33,727 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $19.00 per share, with a total value of $640,813.00. Following the purchase, the director owned 4,369,574 shares of the company’s stock, valued at $83,021,906. This trade represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bing Xue sold 1,832 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $31.21, for a total value of $57,176.72. Following the sale, the executive vice president directly owned 132,617 shares in the company, valued at $4,138,976.57. This trade represents a 1.36% 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 sold a total of 59,860 shares of company stock worth $1,913,960 over the last quarter. Company insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alpha and Omega Semiconductor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after purchasing an additional 624 shares in the last quarter. Royal Bank of Canada grew its position in shares of Alpha and Omega Semiconductor by 9.2% during the fourth quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock valued at $177,000 after purchasing an additional 755 shares in the last quarter. Deutsche Bank AG increased its stake in Alpha and Omega Semiconductor by 1.8% in the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock worth $932,000 after acquiring an additional 844 shares during the last quarter. Hantz Financial Services Inc. increased its stake in 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 worth $29,000 after acquiring an additional 895 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Alpha and Omega Semiconductor by 5.5% in the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 1,053 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.