Alpha and Omega Semiconductor Trading Down 3.1% After Insider Selling (AOSL)
Alpha and Omega Semiconductor (NASDAQ:AOSL)’s share price was down 3.1% during mid-day trading on Monday after an insider sold shares in the company, Stock Ratings Network reports. The company traded as low as $7.93 and last traded at $8.53, with a volume of 305,705 shares changing hands. The stock had previously closed at $8.80.
Specifically, VP Tony Grizelj sold 5,375 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $8.81, for a total transaction of $47,353.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at B. Riley raised their price target on shares of Alpha and Omega Semiconductor from $7.00 to $7.50 in a research note on Wednesday, May 7th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $8.58.
The stock’s 50-day moving average is $7.87 and its 200-day moving average is $7.54. The company’s market cap is $226.0 million.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. The company had revenue of $75.40 million for the quarter, compared to the consensus estimate of $75.00 million.
Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) is a designer, developer and global supplier of a range of power semiconductors.