Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 7.5% – Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares traded down 7.5% during mid-day trading on Friday . The stock traded as low as $41.70 and last traded at $42.2560. Approximately 94,268 shares traded hands during trading, a decline of 86% from the average session volume of 667,522 shares. The stock had previously closed at $45.70.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AOSL. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Stifel Nicolaus increased their price objective on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday. B. Riley Financial lifted their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research 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 report on Saturday. Finally, Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Alpha and Omega Semiconductor Price Performance

The company has a market capitalization of $1.32 billion, a PE ratio of -12.40 and a beta of 2.55. The business has a 50-day moving average of $42.90 and a 200 day moving average of $29.27.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.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 business posted ($0.10) EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insider Activity

In related news, CEO Stephen Chunping Chang sold 14,884 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the transaction, the chief executive officer directly owned 635,901 shares of the company’s stock, valued at approximately $21,919,507.47. This trade represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of the business’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 completion of the sale, the chief financial officer owned 278,628 shares in the company, valued at $8,517,657.96. This represents a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 62,368 shares of company stock worth $2,092,671. 16.70% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in Alpha and Omega Semiconductor in the third quarter worth about $62,000. Strs Ohio bought a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter valued at approximately $70,000. iSAM Funds UK Ltd bought a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $91,000. Tower Research Capital LLC TRC boosted its holdings in shares of Alpha and Omega Semiconductor by 574.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 4,222 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Alpha and Omega Semiconductor by 146.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 3,635 shares during the last quarter. 78.97% of the stock is currently 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.