Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Up Following Insider Buying Activity

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price gapped up prior to trading on Wednesday after an insider bought additional shares in the company. The stock had previously closed at $20.12, but opened at $21.45. Alpha and Omega Semiconductor shares last traded at $20.7640, with a volume of 121,978 shares trading hands.

Specifically, Director Mike F. Chang acquired 33,727 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $19.00 per share, for a total transaction of $640,813.00. Following the completion of the purchase, the director directly owned 4,369,574 shares of the company’s stock, valued at approximately $83,021,906. This trade represents a 0.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

Several brokerages have recently weighed in on AOSL. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Finally, Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, February 6th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Alpha and Omega Semiconductor has a consensus rating of “Reduce” and a consensus price target of $23.67.

Alpha and Omega Semiconductor Price Performance

The business’s 50-day moving average price is $21.71 and its two-hundred day moving average price is $23.90. The firm has a market cap of $626.72 million, a price-to-earnings ratio of -6.06 and a beta of 1.99.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.08). The company had revenue of $162.26 million during the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of AOSL. Hantz Financial Services Inc. increased its holdings in Alpha and Omega Semiconductor by 634.8% in the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 895 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 49.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock worth $39,000 after buying an additional 504 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter worth approximately $62,000. CWM LLC increased its holdings in shares of Alpha and Omega Semiconductor by 20.0% in the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 386 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at approximately $70,000. 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.