Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 6.1% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares dropped 6.1% during mid-day trading on Wednesday . The stock traded as low as $29.88 and last traded at $30.20. Approximately 235,360 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 256,362 shares. The stock had previously closed at $32.17.

Analyst Ratings Changes

AOSL has been the topic of several research analyst reports. B. Riley cut their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Down 6.0 %

The company has a market capitalization of $877.58 million, a P/E ratio of -48.01 and a beta of 2.42. The stock’s fifty day moving average is $34.26 and its 200 day moving average is $34.54. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same period in the previous year, the business posted $0.30 EPS. The firm’s revenue was up .7% on a year-over-year basis. Research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The trade was a 9.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently added to or reduced their stakes in AOSL. Gladius Capital Management LP purchased a new stake in Alpha and Omega Semiconductor during the second quarter worth about $36,000. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at approximately $45,000. Point72 DIFC Ltd purchased a new position in Alpha and Omega Semiconductor during the second quarter valued at $47,000. Hollencrest Capital Management bought a new stake in shares of Alpha and Omega Semiconductor during the third quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Alpha and Omega Semiconductor in the second quarter valued at about $62,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

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.