Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.1% – Here’s What Happened

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) fell 7.1% during trading on Friday . The stock traded as low as $35.80 and last traded at $36.11. 126,711 shares were traded during mid-day trading, a decline of 65% from the average session volume of 360,053 shares. The stock had previously closed at $38.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AOSL shares. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. B. Riley lowered their price target on 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. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Finally, Benchmark restated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company has a market cap of $1.05 billion, a PE ratio of -53.73 and a beta of 2.48. The business has a fifty day simple moving average of $37.94 and a two-hundred day simple moving average of $37.67.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data 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). The company had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, CFO Yifan Liang sold 31,004 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the transaction, the chief financial officer now directly owns 265,175 shares in the company, valued at $13,049,261.75. The trade was a 10.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,065 shares of company stock valued at $2,534,690 in the last 90 days. Insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of AOSL. Truvestments Capital LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the third quarter valued at $45,000. Point72 DIFC Ltd purchased a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at about $47,000. Hollencrest Capital Management purchased a new position in shares of Alpha and Omega Semiconductor in the third quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth about $62,000. Finally, Farther Finance Advisors LLC boosted its position in Alpha and Omega Semiconductor by 10,937.5% in the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 1,750 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.