Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 4% Following Insider Selling

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares fell 4% during mid-day trading on Monday following insider selling activity. The stock traded as low as $43.39 and last traded at $43.40. 149,695 shares traded hands 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 stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.38, for a total transaction of $89,216.54. Following the transaction, the executive vice president now owns 127,103 shares in the company, valued at $6,022,140.14. This represents a 1.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

AOSL has been the topic of a number of analyst reports. Stifel Nicolaus decreased 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 research report on Wednesday, November 6th. B. Riley decreased their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th.

Alpha and Omega Semiconductor Price Performance

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 firm has a market cap of $1.25 billion, a price-to-earnings ratio of -61.81 and a beta of 2.48. The company’s 50-day moving average is $36.82 and its 200-day moving average is $36.56.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $181.89 million for the quarter, compared to analyst estimates 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 business’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. Equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently made changes to their positions in AOSL. State Street Corp lifted its stake 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 purchasing an additional 334,657 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Alpha and Omega Semiconductor by 110.1% in the 3rd 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 during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after purchasing an additional 169,619 shares during the last quarter. Millennium Management LLC lifted its stake in Alpha and Omega Semiconductor by 867.6% in the 2nd 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 during the last quarter. Finally, Algert Global LLC lifted its stake in Alpha and Omega Semiconductor by 172.8% in 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. Institutional investors and hedge funds 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.