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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down before the market opened on Tuesday . The stock had previously closed at $38.24, but opened at $35.11. Alpha and Omega Semiconductor shares last traded at $34.3790, with a volume of 81,042 shares traded.

Analyst Ratings Changes

Several research analysts recently issued reports on AOSL shares. B. Riley Financial upped their target price on shares of 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. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. 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 price objective for the company. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Lake Street Capital assumed coverage on Alpha and Omega Semiconductor in a report on Thursday, June 25th. They set a “buy” rating and a $58.00 price objective on the stock. Three 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.00.

Alpha and Omega Semiconductor Price Performance

The stock has a market cap of $1.12 billion, a PE ratio of -10.50 and a beta of 2.55. The business has a 50 day moving average price of $43.08 and a two-hundred day moving average price of $30.41.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. On average, sell-side analysts forecast 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 related news, CEO Stephen Chunping Chang sold 14,884 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $30.57, for a total value of $810,624.69. Following the completion of the sale, the chief financial officer directly owned 278,628 shares of the company’s stock, valued at $8,517,657.96. The trade was a 8.69% decrease in their position. 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. Insiders have sold a total of 62,368 shares of company stock worth $2,092,671 in the last 90 days. Company insiders own 16.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter worth about $62,000. Strs Ohio purchased a new position in shares of Alpha and Omega Semiconductor during the first quarter valued at about $70,000. iSAM Funds UK Ltd purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at about $91,000. Tower Research Capital LLC TRC raised its stake in 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 buying an additional 4,222 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Alpha and Omega Semiconductor by 79.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company’s stock worth $157,000 after buying an additional 3,519 shares in the last quarter. 78.97% of the stock is currently owned by 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.