Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 6.1% – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price dropped 6.1% during mid-day trading on Wednesday . The company traded as low as $29.88 and last traded at $30.20. Approximately 235,360 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 256,362 shares. The stock had previously closed at $32.17.

Analyst Ratings Changes

Several research analysts have recently commented on AOSL shares. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. B. Riley reduced their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The stock has a 50-day moving average price of $34.29 and a two-hundred day moving average price of $34.55. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -59.89 and a beta of 2.42. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The business had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the previous year, the firm posted $0.30 EPS. Alpha and Omega Semiconductor’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Barclays PLC boosted its position in Alpha and Omega Semiconductor by 367.4% in the third quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock valued at $1,498,000 after buying an additional 31,725 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alpha and Omega Semiconductor by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after acquiring an additional 31,286 shares during the period. Zacks Investment Management boosted its holdings in shares of Alpha and Omega Semiconductor by 12.1% in the 3rd quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock valued at $2,501,000 after acquiring an additional 7,294 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Alpha and Omega Semiconductor by 77.2% in the third quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company’s stock worth $2,051,000 after acquiring an additional 24,067 shares during the period. Finally, State Street Corp raised its holdings in shares of Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after purchasing an additional 334,657 shares during the last quarter. Hedge funds and other institutional investors 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.