Insider Selling: Alpha and Omega Semiconductor (NASDAQ:AOSL) EVP Sells $231,494.44 in Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) EVP Bing Xue sold 4,916 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the transaction, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bing Xue also recently made the following trade(s):

• On Thursday, April 16th, Bing Xue sold 1,832 shares of Alpha and Omega Semiconductor stock. The shares were sold at an average price of $31.21, for a total value of $57,176.72.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL opened at $48.04 on Friday. Alpha and Omega Semiconductor Limited has a twelve month low of $17.01 and a twelve month high of $54.34. The stock’s 50 day moving average is $41.18 and its 200-day moving average is $28.42. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -13.49 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results 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 business had revenue of $163.79 million during 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%. Alpha and Omega Semiconductor’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AOSL shares. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Needham & Company LLC initiated coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective for the company. Finally, B. Riley Financial raised their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.50.

Institutional Trading of Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the company. Weber Capital Management LLC ADV bought a new position in Alpha and Omega Semiconductor in the 4th quarter worth approximately $10,842,000. State Street Corp boosted its holdings 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 worth $29,203,000 after acquiring an additional 262,117 shares during the period. 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 in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Alpha and Omega Semiconductor by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after purchasing an additional 158,869 shares during the period. Finally, UBS Group AG raised its stake in shares of Alpha and Omega Semiconductor by 224.7% during the 4th quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after purchasing an additional 150,254 shares during the period. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.