Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 4% After Insider Selling

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price dropped 4% during trading on Monday following insider selling activity. The stock traded as low as $43.39 and last traded at $43.40. Approximately 149,695 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 316,779 shares. The stock had previously closed at $45.20.

Specifically, EVP Bing Xue sold 1,883 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.38, for a total transaction of $89,216.54. Following the sale, the executive vice president now owns 127,103 shares in the company, valued at approximately $6,022,140.14. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, December 11th. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. B. Riley decreased their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.23 billion, a PE ratio of -60.67 and a beta of 2.48. The company’s 50 day moving average price is $36.96 and its 200-day moving average price is $36.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $181.89 million during the quarter, compared to analyst estimates 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%. Alpha and Omega Semiconductor’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. On average, sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AOSL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alpha and Omega Semiconductor by 86.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,149 shares of the semiconductor company’s stock valued at $2,084,000 after purchasing an additional 25,991 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $702,000. Algert Global LLC increased 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 worth $3,338,000 after buying an additional 56,962 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in 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 valued at $17,503,000 after acquiring an additional 247,051 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after acquiring an additional 25,100 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.