Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 7.1% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price was down 7.1% during mid-day trading on Friday . The company traded as low as $35.80 and last traded at $36.11. Approximately 126,711 shares were traded during trading, a decline of 65% from the average daily volume of 360,053 shares. The stock had previously closed at $38.86.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. B. Riley decreased their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th.

Alpha and Omega Semiconductor Stock Down 7.9 %

The company’s 50 day moving average price is $37.90 and its two-hundred day moving average price is $37.66. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.04 billion, a P/E ratio of -53.42 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now owns 128,986 shares in the company, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Claudia Chen sold 5,623 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the sale, the director now owns 26,572 shares of the company’s stock, valued at $1,362,346.44. The trade was a 17.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,065 shares of company stock worth $2,534,690 over the last quarter. 16.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alpha and Omega Semiconductor by 86.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,149 shares of the semiconductor company’s stock valued at $2,084,000 after buying an additional 25,991 shares during the last quarter. State Street Corp increased its holdings in Alpha and Omega Semiconductor by 33.2% in the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after acquiring an additional 334,657 shares during the last quarter. Systematic Financial Management LP purchased a new stake in Alpha and Omega Semiconductor in the 3rd quarter worth $702,000. Algert Global LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock valued at $3,338,000 after purchasing an additional 56,962 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock valued at $17,503,000 after purchasing an additional 247,051 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.