Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 8% – Should You Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSLGet Free Report)’s stock price traded down 8% during trading on Tuesday . The company traded as low as $28.56 and last traded at $28.5720. 77,932 shares traded hands during trading, a decline of 88% from the average daily volume of 662,903 shares. The stock had previously closed at $31.07.

Analysts Set New Price Targets

A number of research firms recently commented on AOSL. B. Riley Financial dropped their price target on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, August 13th. Needham & Company LLC reduced their price objective on Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They issued a “buy” rating and a $58.00 price target for the company. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Stifel Nicolaus lifted their price objective on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.50.

View Our Latest Research Report on Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Stock Down 9.4%

The firm’s 50 day simple moving average is $37.41 and its two-hundred day simple moving average is $32.69. The stock has a market capitalization of $842.17 million, a P/E ratio of -20.07 and a beta of 2.60.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%.The business had revenue of $170.37 million for the quarter, compared to analyst estimates of $168.00 million. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -1.78 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the transaction, the executive vice president owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This trade represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Alpha and Omega Semiconductor by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after purchasing an additional 73,631 shares in the last quarter. State Street Corp lifted its position in shares of Alpha and Omega Semiconductor by 21.6% during the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after buying an additional 262,117 shares during the last quarter. Wellington Management Group LLP boosted its position in Alpha and Omega Semiconductor by 15.0% during the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after purchasing an additional 113,077 shares during the period. Millennium Management LLC boosted its holdings in Alpha and Omega Semiconductor by 57.5% in the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after buying an additional 232,817 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 611,089 shares of the semiconductor company’s stock worth $12,108,000 after acquiring an additional 3,612 shares during the period. 78.97% of the stock is currently owned by institutional investors.

About Alpha and Omega Semiconductor

(Get Free Report)

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.

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