Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 7.1% – Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price dropped 7.1% during mid-day trading on Friday . The stock traded as low as $35.80 and last traded at $36.11. Approximately 126,711 shares were traded during trading, a decline of 65% from the average daily volume of 360,053 shares. The stock had previously closed at $38.86.

Analyst Upgrades and Downgrades

AOSL has been the topic of several recent research reports. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus reduced 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 report on Wednesday, November 6th. Finally, B. Riley lowered 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 report on Tuesday, November 5th.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The firm’s 50 day moving average price is $37.94 and its 200-day moving average price is $37.67. The firm has a market capitalization of $1.05 billion, a PE ratio of -53.73 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. On average, research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 875 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the completion of the transaction, the executive vice president now owns 128,986 shares of the company’s stock, valued at $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lucas S. Chang sold 12,497 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total value of $518,125.62. Following the completion of the sale, the director now directly owns 25,204 shares in the company, valued at $1,044,957.84. This represents a 33.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,065 shares of company stock worth $2,534,690. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently modified their holdings of the business. State Street Corp grew its stake in Alpha and Omega Semiconductor by 33.2% during the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after acquiring an additional 334,657 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 15.2% in the second 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 in the last quarter. Geode Capital Management LLC lifted its position in Alpha and Omega Semiconductor by 5.7% during the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after buying an additional 31,286 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after buying an additional 25,100 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after buying an additional 247,051 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.