Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 4% on Insider Selling

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded down 4% during trading on Monday after an insider sold shares in the company. The stock traded as low as $43.39 and last traded at $43.40. 149,695 shares were traded during trading, a decline of 53% from the average session volume of 316,779 shares. The stock had previously closed at $45.20.

Specifically, EVP Bing Xue sold 1,883 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.38, for a total value of $89,216.54. Following the sale, the executive vice president now owns 127,103 shares in the company, valued at $6,022,140.14. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link.

Analyst Ratings Changes

A number of brokerages have recently commented on AOSL. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, December 11th. 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 report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus cut their price target 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.

Alpha and Omega Semiconductor Price Performance

The business’s 50 day moving average is $36.82 and its two-hundred day moving average is $36.56. The firm has a market cap of $1.24 billion, a P/E ratio of -67.46 and a beta of 2.48. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same period in the prior year, the business earned $0.30 EPS. Alpha and Omega Semiconductor’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently bought and sold shares of AOSL. Algert Global LLC increased its stake in Alpha and Omega Semiconductor by 172.8% in the third 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 in the last quarter. Point72 Asset Management L.P. increased its stake in Alpha and Omega Semiconductor by 110.1% in 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. Systematic Financial Management LP bought a new stake in Alpha and Omega Semiconductor in the third quarter valued at $702,000. First Eagle Investment Management LLC increased its stake 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 valued at $17,625,000 after purchasing an additional 25,100 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after purchasing an additional 123,093 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.