Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down After Earnings Miss

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $43.33, but opened at $38.53. Alpha and Omega Semiconductor shares last traded at $39.66, with a volume of 309,435 shares.

The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%.

Analysts Set New Price Targets

Several research analysts have weighed in on AOSL shares. Benchmark raised their price objective on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus decreased their price target 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. B. Riley cut their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday.

Insider Transactions at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 31,004 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total value of $1,525,706.84. Following the sale, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This trade represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bing Xue sold 1,242 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the transaction, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at approximately $4,037,880. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,124 shares of company stock worth $2,500,685. 16.90% of the stock is currently owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Alpha and Omega Semiconductor by 276.8% during the 4th 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. Truvestments Capital LLC acquired a new stake in Alpha and Omega Semiconductor in the third quarter worth about $45,000. Hollencrest Capital Management bought a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at about $56,000. Farther Finance Advisors LLC increased its stake in Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 1,750 shares during the period. Finally, Eastern Bank acquired a new position in Alpha and Omega Semiconductor during the 3rd quarter valued at about $174,000. 78.97% of the stock is currently owned by institutional investors.

Alpha and Omega Semiconductor Price Performance

The business’s 50-day simple moving average is $40.58 and its 200 day simple moving average is $37.53. 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 company has a market capitalization of $1.21 billion, a P/E ratio of -62.27 and a beta of 2.47.

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.