Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 6.7% – Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price traded down 6.7% on Friday . The company traded as low as $38.32 and last traded at $38.32. 177,094 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 339,411 shares. The stock had previously closed at $41.05.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. B. Riley lowered 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 report on Tuesday, November 5th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Stifel Nicolaus reduced their price objective 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. Finally, 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.

Alpha and Omega Semiconductor Stock Down 6.6 %

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 price of $37.45 and a 200-day moving average price of $37.27. The firm has a market cap of $1.11 billion, a P/E ratio of -57.25 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its 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). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The business had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bing Xue sold 1,883 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $47.38, for a total value of $89,216.54. Following the sale, the executive vice president now directly owns 127,103 shares in the company, valued at approximately $6,022,140.14. This trade represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock worth $2,534,690 in the last 90 days. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after acquiring an additional 400 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Alpha and Omega Semiconductor by 4.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock worth $403,000 after purchasing an additional 508 shares during the period. Franklin Resources Inc. boosted its position in Alpha and Omega Semiconductor by 9.0% during the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 1,096 shares in the last quarter. Truvestments Capital LLC purchased a new position in Alpha and Omega Semiconductor during the third quarter worth approximately $45,000. Finally, Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor in the second quarter valued at approximately $47,000. 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.