Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 4.9% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price was down 4.9% during trading on Monday . The stock traded as low as $38.20 and last traded at $37.91. Approximately 186,857 shares traded hands during trading, a decline of 73% from the average daily volume of 687,787 shares. The stock had previously closed at $39.85.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AOSL shares. B. Riley dropped their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Benchmark increased their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus dropped 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 research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 3.0 %

The firm’s 50-day moving average price is $40.36 and its 200 day moving average price is $37.35. The company has a market cap of $997.18 million, a price-to-earnings ratio of -42.94 and a beta of 2.47. The company has a current ratio of 2.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. As a group, equities analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bing Xue sold 875 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the completion of the sale, the executive vice president now owns 128,986 shares of the company’s stock, valued at approximately $5,288,426. This represents a 0.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,124 shares of company stock valued at $2,500,685. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in Alpha and Omega Semiconductor by 276.8% during the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 548 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 291 shares during the period. Larson Financial Group LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth about $38,000. CIBC Private Wealth Group LLC purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter worth about $39,000. Finally, Truvestments Capital LLC purchased a new position in Alpha and Omega Semiconductor in the third quarter valued at about $45,000. 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.