Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 6.1% – Here’s Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price dropped 6.1% during trading on Wednesday . The stock traded as low as $29.88 and last traded at $30.20. Approximately 235,360 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 256,362 shares. The stock had previously closed at $32.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Benchmark restated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Finally, B. Riley lowered their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Trading Down 0.9 %

The company has a market cap of $1.16 billion, a PE ratio of -59.89 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company has a 50-day moving average of $34.29 and a 200 day moving average of $34.55.

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

Insider Activity at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in shares of Alpha and Omega Semiconductor by 51.6% in the 1st quarter. Sei Investments Co. now owns 108,301 shares of the semiconductor company’s stock worth $2,387,000 after buying an additional 36,853 shares during the period. Vanguard Group Inc. grew its holdings in Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after acquiring an additional 40,183 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alpha and Omega Semiconductor by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after purchasing an additional 893 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Alpha and Omega Semiconductor by 51.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 21,993 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 7,453 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Alpha and Omega Semiconductor by 101.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after purchasing an additional 100,591 shares during the period. 78.97% of the stock is currently owned by institutional investors.

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.