Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 4.4%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares fell 4.4% during mid-day trading on Monday . The company traded as low as $35.60 and last traded at $35.76. 18,158 shares were traded during trading, a decline of 93% from the average session volume of 250,217 shares. The stock had previously closed at $37.41.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AOSL shares. Benchmark upped their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 28th. B. Riley raised their price objective on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus increased their price target on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th.

Alpha and Omega Semiconductor Trading Down 5.7 %

The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -103.79 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The company has a 50 day moving average price of $38.54 and a two-hundred day moving average price of $30.50.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same period in the prior year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.06 EPS for the current year.

Insider Activity

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Yifan Liang sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AOSL. Point72 Asset Management L.P. purchased a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $8,389,000. Algert Global LLC grew its stake in shares of Alpha and Omega Semiconductor by 35.9% in the second quarter. Algert Global LLC now owns 32,958 shares of the semiconductor company’s stock valued at $1,232,000 after buying an additional 8,707 shares in the last quarter. Susquehanna International Group Ltd. purchased a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $248,000. Millennium Management LLC lifted its stake in Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after acquiring an additional 123,093 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.