Insider Selling: Alpha and Omega Semiconductor (NASDAQ:AOSL) EVP Sells 737 Shares of Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) EVP Bing Xue sold 737 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $22.43, for a total value of $16,530.91. Following the sale, the executive vice president owned 118,499 shares in the company, valued at approximately $2,657,932.57. The trade was a 0.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bing Xue also recently made the following trade(s):

• On Monday, December 15th, Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock. The shares were sold at an average price of $20.56, for a total value of $37,933.20.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL traded up $0.02 during mid-day trading on Friday, hitting $22.51. The company had a trading volume of 238,601 shares, compared to its average volume of 265,336. The company has a market capitalization of $676.65 million, a PE ratio of -6.93 and a beta of 1.96. Alpha and Omega Semiconductor Limited has a one year low of $15.90 and a one year high of $46.65. The firm has a fifty day moving average price of $20.42 and a 200 day moving average price of $25.35.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently modified their holdings of AOSL. Boston Partners raised its position in Alpha and Omega Semiconductor by 86.4% during the second quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock valued at $28,467,000 after purchasing an additional 514,240 shares in the last quarter. Millennium Management LLC boosted its holdings in Alpha and Omega Semiconductor by 57.5% during the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after acquiring an additional 232,817 shares during the period. The Manufacturers Life Insurance Company boosted its position in Alpha and Omega Semiconductor by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after buying an additional 158,869 shares during the period. SG Americas Securities LLC purchased a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at approximately $3,559,000. Finally, Wellington Management Group LLP boosted its position in Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after acquiring an additional 113,077 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AOSL. Benchmark decreased their target price on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Stifel Nicolaus lowered their price objective on shares of Alpha and Omega Semiconductor from $29.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. B. Riley reiterated a “neutral” rating and set a $24.00 price objective (down from $40.00) on shares of Alpha and Omega Semiconductor in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.33.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.