Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.8% – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price dropped 7.8% on Thursday . The stock traded as low as $32.68 and last traded at $32.5980. 149,605 shares were traded during mid-day trading, a decline of 78% from the average session volume of 669,825 shares. The stock had previously closed at $35.35.

Analyst Ratings Changes

AOSL has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. B. Riley Financial lifted their price target on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Lake Street Capital began coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 price objective for the company. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Needham & Company LLC began coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.

Alpha and Omega Semiconductor Trading Down 10.5%

The business’s 50 day moving average is $42.37 and its two-hundred day moving average is $30.96. The company has a market cap of $947.37 million, a PE ratio of -8.86 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company had revenue of $163.79 million during the quarter, compared to the consensus estimate of $160.07 million. During the same quarter in the prior year, the firm posted ($0.10) EPS. Alpha and Omega Semiconductor’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the sale, the executive vice president owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 8,625 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $35.00, for a total value of $301,875.00. Following the completion of the transaction, the chief financial officer directly owned 270,003 shares in the company, valued at approximately $9,450,105. This represents a 3.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,425 shares of company stock valued at $1,046,421 over the last 90 days. Company insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Weber Capital Management LLC ADV purchased a new position in Alpha and Omega Semiconductor during the fourth quarter valued at $10,842,000. JPMorgan Chase & Co. lifted its stake in Alpha and Omega Semiconductor by 72.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company’s stock worth $4,441,000 after purchasing an additional 66,723 shares in the last quarter. Acuitas Investments LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 38.6% during the 3rd quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company’s stock valued at $6,736,000 after purchasing an additional 67,100 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Alpha and Omega Semiconductor during the 4th quarter valued at about $563,000. Finally, Royce & Associates LP grew its position in shares of Alpha and Omega Semiconductor by 10.9% during the fourth quarter. Royce & Associates LP now owns 474,015 shares of the semiconductor company’s stock valued at $9,390,000 after purchasing an additional 46,662 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.