Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down – Here’s What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $22.84, but opened at $21.12. Alpha and Omega Semiconductor shares last traded at $19.82, with a volume of 87,946 shares trading hands.

Wall Street Analysts Forecast Growth

AOSL has been the topic of several recent analyst reports. Benchmark increased their price objective on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 6th. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

Alpha and Omega Semiconductor Trading Down 18.1 %

The stock has a market capitalization of $550.30 million, a PE ratio of -23.36 and a beta of 2.48. The company’s 50 day moving average price is $29.39 and its two-hundred day moving average price is $34.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, January 13th. The stock was sold at an average price of $35.00, for a total value of $43,470.00. Following the sale, the executive vice president now owns 115,368 shares in the company, valued at $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in shares of Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 548 shares during the period. Sterling Capital Management LLC lifted its stake in Alpha and Omega Semiconductor by 820.7% during the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 673 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Alpha and Omega Semiconductor by 47.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock worth $34,000 after buying an additional 291 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at $39,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $38,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

About Alpha and Omega Semiconductor

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.