Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down – Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down prior to trading on Tuesday . The stock had previously closed at $38.24, but opened at $35.11. Alpha and Omega Semiconductor shares last traded at $34.3790, with a volume of 81,042 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AOSL. Stifel Nicolaus increased their price target on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Monday, April 20th. Needham & Company LLC started coverage on Alpha and Omega Semiconductor in a research note on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective for the company. B. Riley Financial raised their target price on 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, Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.00.

Alpha and Omega Semiconductor Price Performance

The firm has a market capitalization of $1.02 billion, a PE ratio of -9.61 and a beta of 2.55. The company’s fifty day simple moving average is $43.37 and its 200 day simple moving average is $30.18.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The firm had revenue of $163.79 million during the quarter, compared to the consensus estimate of $160.07 million. During the same quarter last year, the company earned ($0.10) earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 26,517 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $30.57, for a total transaction of $810,624.69. Following the sale, the chief financial officer owned 278,628 shares in the company, valued at $8,517,657.96. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 4,916 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total value of $231,494.44. Following the sale, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. This represents a 3.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 62,368 shares of company stock valued at $2,092,671. Company insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in AOSL. Weber Capital Management LLC ADV purchased a new stake in Alpha and Omega Semiconductor during the 4th quarter worth about $10,842,000. State Street Corp grew its holdings in 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 in the last quarter. Millennium Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 57.5% in the third 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 in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after buying an additional 158,869 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after acquiring an additional 150,254 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 (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.