Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Lucas S. Chang Sells 12,497 Shares

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Lucas S. Chang sold 12,497 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total value of $518,125.62. Following the transaction, the director now directly owns 25,204 shares of the company’s stock, valued at approximately $1,044,957.84. This represents a 33.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock traded up $2.61 during trading hours on Wednesday, hitting $49.16. 1,672,707 shares of the company were exchanged, compared to its average volume of 305,256. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $51.69. 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 business has a 50-day moving average of $35.30 and a 200-day moving average of $35.54. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -73.37 and a beta of 2.48.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Monday. B. Riley lowered their price target on 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 reiterated a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Finally, 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 research note on Wednesday, November 6th.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of AOSL. Vanguard Group Inc. raised its position in Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after acquiring an additional 40,183 shares in the last quarter. State Street Corp raised its position in Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after acquiring an additional 334,657 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after acquiring an additional 169,619 shares in the last quarter. Geode Capital Management LLC raised its position in Alpha and Omega Semiconductor by 5.7% in the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after acquiring an additional 31,286 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in Alpha and Omega Semiconductor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after acquiring an additional 25,100 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 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.