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

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down before the market opened on Monday . The stock had previously closed at $37.56, but opened at $35.72. Alpha and Omega Semiconductor shares last traded at $35.6520, with a volume of 27,255 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AOSL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Stifel Nicolaus upped their target price on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. B. Riley Financial increased their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They set a “buy” rating and a $58.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Alpha and Omega Semiconductor Trading Down 4.5%

The firm has a market cap of $1.07 billion, a P/E ratio of -10.08 and a beta of 2.55. The company’s 50-day moving average is $43.00 and its two-hundred day moving average is $30.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The firm had revenue of $163.79 million during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 26,517 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $30.57, for a total transaction of $810,624.69. Following the transaction, the chief financial officer directly owned 278,628 shares in the company, valued at approximately $8,517,657.96. This trade represents a 8.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Alpha and Omega Semiconductor stock in a transaction on Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. 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 valued at $2,092,671 over the last 90 days. Insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 worth $352,000 after purchasing an additional 624 shares during the last quarter. Royal Bank of Canada grew its position in Alpha and Omega Semiconductor by 9.2% in the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock worth $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 valued at $932,000 after buying an additional 844 shares during the last quarter. 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 valued at $402,000 after buying an additional 1,053 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Alpha and Omega Semiconductor by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock worth $2,661,000 after buying an additional 1,178 shares in the last quarter. 78.97% of the stock is owned by 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.