Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 9.7% – Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price traded down 9.7% during trading on Friday. The company traded as low as $27.86 and last traded at $27.5820. Approximately 38,650 shares were traded during mid-day trading, a decline of 94% from the average session volume of 642,520 shares. The stock had previously closed at $30.53.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Lake Street Capital reduced their target price on Alpha and Omega Semiconductor from $58.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Williams Trading set a $45.00 price target on shares of Alpha and Omega Semiconductor in a report on Thursday, August 13th. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating for the company in a report on Friday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. Two investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.80.

Alpha and Omega Semiconductor Stock Performance

The company has a market cap of $843.98 million, a price-to-earnings ratio of -18.04 and a beta of 2.69. The firm’s 50 day simple moving average is $25.56 and its 200-day simple moving average is $30.40.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. The business had revenue of $177.76 million during the quarter, compared to analysts’ expectations of $176.20 million. Alpha and Omega Semiconductor had a negative net margin of 6.87% and a negative return on equity of 5.70%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current fiscal year.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of the business. Ieq Capital LLC purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter worth approximately $327,000. Hantz Financial Services Inc. grew its position in shares of Alpha and Omega Semiconductor by 45.7% in the third quarter. Hantz Financial Services Inc. now owns 1,333 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 418 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Alpha and Omega Semiconductor by 19.7% in the third quarter. Royce & Associates LP now owns 369,829 shares of the semiconductor company’s stock valued at $10,170,000 after purchasing an additional 60,814 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Alpha and Omega Semiconductor by 17.5% in the third quarter. Diversified Trust Co now owns 15,168 shares of the semiconductor company’s stock valued at $417,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Alpha and Omega Semiconductor by 877.0% during the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock worth $30,000 after buying an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor designs, develops and supplies power semiconductors and related products used to manage and convert electrical power. Its portfolio includes power MOSFETs, power integrated circuits, transient-voltage-suppression devices, IGBTs, silicon carbide devices and power modules. The company’s products are used in computing, consumer electronics, communications, industrial equipment and automotive applications. They support functions such as power conversion, battery management and protection of electronic circuits.