Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 6.7% – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of research firms have commented on AOSL. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley lowered 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 report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The stock has a 50 day moving average of $37.44 and a 200-day moving average of $37.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company has a market cap of $1.11 billion, a PE ratio of -57.06 and a beta of 2.48.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the company posted $0.30 EPS. Alpha and Omega Semiconductor’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the transaction, the director now owns 26,572 shares in the company, valued at approximately $1,362,346.44. This represents a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bing Xue sold 1,883 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $47.38, for a total value of $89,216.54. Following the completion of the transaction, the executive vice president now owns 127,103 shares of the company’s stock, valued at approximately $6,022,140.14. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock worth $2,534,690 over the last three months. Company insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AOSL. Louisiana State Employees Retirement System lifted its position in shares of Alpha and Omega Semiconductor by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after acquiring an additional 400 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Alpha and Omega Semiconductor by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock valued at $6,362,000 after purchasing an additional 7,312 shares in the last quarter. nVerses Capital LLC acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth $116,000. Versor Investments LP purchased a new stake in shares of Alpha and Omega Semiconductor during the second quarter worth $266,000. Finally, Arizona State Retirement System acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $251,000. 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.