Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 8.7% – Here’s Why

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) were down 8.7% during trading on Wednesday . The company traded as low as $48.00 and last traded at $48.68. Approximately 289,854 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 627,791 shares. The stock had previously closed at $53.32.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AOSL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Needham & Company LLC started 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 price objective for the company. Finally, B. Riley Financial raised their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Alpha and Omega Semiconductor presently has an average rating of “Hold” and a consensus target price of $30.50.

Alpha and Omega Semiconductor Price Performance

The stock has a market capitalization of $1.50 billion, a PE ratio of -14.12 and a beta of 2.55. The firm’s 50 day simple moving average is $36.46 and its 200 day simple moving average is $26.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS 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 firm had revenue of $163.79 million for the quarter, compared to the consensus estimate of $160.07 million. During the same period last year, the firm posted ($0.10) earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 26,517 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $30.57, for a total transaction of $810,624.69. Following the transaction, the chief financial officer directly owned 278,628 shares of the company’s stock, valued at approximately $8,517,657.96. The trade was a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 2,408 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $21.92, for a total transaction of $52,783.36. Following the completion of the transaction, the executive vice president owned 113,631 shares of the company’s stock, valued at $2,490,791.52. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 59,860 shares of company stock valued at $1,913,960 in the last 90 days. 16.70% of the stock is owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after acquiring an additional 624 shares during the period. Royal Bank of Canada lifted its stake in Alpha and Omega Semiconductor by 9.2% during the 4th quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock valued at $177,000 after acquiring an additional 755 shares during the period. Deutsche Bank AG lifted its stake in Alpha and Omega Semiconductor by 1.8% during the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock valued at $932,000 after acquiring an additional 844 shares during the period. Hantz Financial Services Inc. lifted its stake in Alpha and Omega Semiconductor by 634.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 895 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Alpha and Omega Semiconductor by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 1,053 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.