Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.5% – What’s Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price dropped 7.5% on Friday . The stock traded as low as $41.70 and last traded at $42.2560. 94,268 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 667,522 shares. The stock had previously closed at $45.70.

Analyst Ratings Changes

AOSL has been the topic of a number of research analyst reports. Lake Street Capital began coverage on Alpha and Omega Semiconductor in a research report on Thursday. They issued a “buy” rating and a $58.00 target price on the stock. Stifel Nicolaus increased their price target on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a research 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.00.

Alpha and Omega Semiconductor Trading Down 4.3%

The company’s fifty day moving average is $42.64 and its two-hundred day moving average is $29.16. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -12.30 and a beta of 2.55.

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

Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the completion of the transaction, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. This trade represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 of the company’s stock, valued at approximately $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 62,368 shares of company stock worth $2,092,671. 16.70% of the stock is currently owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently made changes to their positions in AOSL. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $62,000. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter worth approximately $70,000. iSAM Funds UK Ltd acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth approximately $91,000. Tower Research Capital LLC TRC lifted its holdings in Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after buying an additional 4,222 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alpha and Omega Semiconductor by 79.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 3,519 shares during the period. Institutional investors and hedge funds 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.