Alpha and Omega Semiconductor (NASDAQ:AOSL) CEO Stephen Chunping Chang Sells 5,594 Shares of Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) CEO Stephen Chunping Chang sold 5,594 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $31.90, for a total transaction of $178,448.60. Following the transaction, the chief executive officer directly owned 650,785 shares in the company, valued at $20,760,041.50. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL opened at $31.21 on Friday. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $33.01. The firm’s 50 day moving average is $22.55 and its 200-day moving average is $22.98. The stock has a market capitalization of $928.81 million, a PE ratio of -8.99 and a beta of 1.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.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 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on AOSL shares. B. Riley Financial raised their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. 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. Finally, Stifel Nicolaus decreased their price objective 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. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Alpha and Omega Semiconductor by 19.8% in the fourth quarter. Invesco Ltd. now owns 381,767 shares of the semiconductor company’s stock valued at $7,563,000 after acquiring an additional 63,134 shares during the last quarter. Summit Global Investments bought a new position in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $223,000. Empowered Funds LLC increased its stake in Alpha and Omega Semiconductor by 106.7% in the fourth quarter. Empowered Funds LLC now owns 109,541 shares of the semiconductor company’s stock valued at $2,170,000 after acquiring an additional 56,558 shares during the last quarter. XTX Topco Ltd bought a new position in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $738,000. Finally, Tudor Investment Corp ET AL increased its stake in Alpha and Omega Semiconductor by 41.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 15,401 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 4,488 shares during the last quarter. 78.97% of the stock is owned by institutional investors.

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.