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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down prior to trading on Tuesday . The stock had previously closed at $49.36, but opened at $44.02. Alpha and Omega Semiconductor shares last traded at $46.96, with a volume of 112,652 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AOSL shares. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They set a “buy” rating and a $50.00 target price on the stock. Stifel Nicolaus upped their target price on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.50.

Alpha and Omega Semiconductor Trading Down 7.4%

The company has a market cap of $1.25 billion, a PE ratio of -11.72 and a beta of 2.55. The firm’s 50-day simple moving average is $42.33 and its two-hundred day simple moving average is $28.99.

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, topping analysts’ consensus estimates of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The business had revenue of $163.79 million during the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter last year, the company posted ($0.10) earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, analysts predict that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,916 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the sale, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. The trade was a 2.29% 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 have sold a total of 62,368 shares of company stock valued at $2,092,671 in the last ninety days. Company insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of AOSL. Empowered Funds LLC boosted its position in Alpha and Omega Semiconductor by 9.9% in the first quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company’s stock valued at $2,667,000 after buying an additional 10,790 shares during the last quarter. Quantinno Capital Management LP raised its position in Alpha and Omega Semiconductor by 15.2% during the 1st quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock worth $825,000 after buying an additional 4,915 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Alpha and Omega Semiconductor by 1,361.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,628 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 8,969 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at approximately $351,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors and hedge funds 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.