Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down – Time to Sell?

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down prior to trading on Monday . The stock had previously closed at $37.56, but opened at $35.72. Alpha and Omega Semiconductor shares last traded at $35.6520, with a volume of 27,255 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AOSL. Wall Street Zen raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Needham & Company LLC initiated coverage on Alpha and Omega Semiconductor in a research report on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective on the stock. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial lifted their price objective on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.00.

Alpha and Omega Semiconductor Price Performance

The firm’s 50-day moving average is $42.65 and its 200 day moving average is $30.86. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -9.78 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $160.07 million. During the same quarter last year, the business earned ($0.10) EPS. Alpha and Omega Semiconductor’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 8,625 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $35.00, for a total value of $301,875.00. Following the transaction, the chief financial officer directly owned 270,003 shares in the company, valued at $9,450,105. This trade represents a 3.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the transaction, the chief executive officer directly owned 635,901 shares in the company, valued at $21,919,507.47. This represents a 2.29% 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. Over the last 90 days, insiders have sold 30,257 shares of company stock worth $1,103,598. 16.70% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new position in Alpha and Omega Semiconductor during the third quarter valued at approximately $62,000. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor during the first quarter worth approximately $70,000. iSAM Funds UK Ltd acquired a new stake in shares of Alpha and Omega Semiconductor in the third quarter worth $91,000. Tower Research Capital LLC TRC increased its position in shares of Alpha and Omega Semiconductor by 574.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 4,222 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Alpha and Omega Semiconductor by 146.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock valued at $171,000 after acquiring an additional 3,635 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.