Alpha and Omega Semiconductor (NASDAQ:AOSL) CEO Sells $513,051.48 in Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) CEO Stephen Chunping Chang sold 14,884 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total transaction of $513,051.48. Following the completion of the sale, the chief executive officer owned 635,901 shares in the company, valued at $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stephen Chunping Chang also recently made the following trade(s):

• On Tuesday, April 14th, Stephen Chunping Chang sold 5,594 shares of Alpha and Omega Semiconductor stock. The shares were sold at an average price of $31.90, for a total transaction of $178,448.60.

Alpha and Omega Semiconductor Trading Up 17.8%

Shares of Alpha and Omega Semiconductor stock traded up $6.02 during trading on Monday, hitting $39.90. The stock had a trading volume of 2,474,165 shares, compared to its average volume of 390,958. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -11.50 and a beta of 1.94. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $41.84. The business’s 50-day moving average is $22.80 and its 200 day moving average is $22.96.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The business had revenue of $162.26 million for the quarter, compared to the consensus estimate of $160.67 million. During the same period in the prior year, the business posted $0.09 EPS. Alpha and Omega Semiconductor’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts expect that Alpha and Omega Semiconductor Limited will post -1.65 EPS for the current year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of Alpha and Omega Semiconductor by 20.0% during the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 386 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Alpha and Omega Semiconductor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after buying an additional 624 shares during the last quarter. GAMMA Investing LLC lifted its position in Alpha and Omega Semiconductor by 21.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,109 shares of the semiconductor company’s stock worth $115,000 after buying an additional 724 shares during the last quarter. Royal Bank of Canada boosted its stake in Alpha and Omega Semiconductor by 9.2% in the fourth quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company’s stock worth $177,000 after buying an additional 755 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Alpha and Omega Semiconductor by 1.8% during the fourth quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company’s stock valued at $932,000 after acquiring an additional 844 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AOSL. Zacks Research upgraded Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Stifel Nicolaus lowered their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. B. Riley Financial lifted their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alpha and Omega Semiconductor currently has an average rating of “Hold” and a consensus price target of $24.00.

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.