Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 6.7% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares traded down 6.7% during mid-day trading on Friday . The stock traded as low as $38.32 and last traded at $38.32. 177,094 shares changed hands during trading, a decline of 48% from the average session volume of 339,411 shares. The stock had previously closed at $41.05.

Wall Street Analysts Forecast Growth

AOSL has been the topic of several research analyst reports. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Stifel Nicolaus lowered 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. B. Riley cut their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of -57.25 and a beta of 2.48. The stock’s fifty day simple moving average is $37.45 and its 200 day simple moving average is $37.27. 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 posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the business posted $0.30 EPS. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Claudia Chen sold 5,623 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the transaction, the director now directly owns 26,572 shares in the company, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction on 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 in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,065 shares of company stock valued at $2,534,690 over the last ninety days. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of AOSL. State Street Corp increased its stake in Alpha and Omega Semiconductor by 33.2% during the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after buying an additional 334,657 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Alpha and Omega Semiconductor by 110.1% in the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after acquiring an additional 169,619 shares during the period. Millennium Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of Alpha and Omega Semiconductor by 172.8% in the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock valued at $3,338,000 after acquiring an additional 56,962 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.