Insider Selling: Alpha and Omega Semiconductor (NASDAQ:AOSL) EVP Sells 1,845 Shares of Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) EVP Bing Xue sold 1,845 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $20.56, for a total transaction of $37,933.20. Following the transaction, the executive vice president directly owned 127,863 shares of the company’s stock, valued at $2,628,863.28. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock traded up $0.08 during trading on Tuesday, hitting $20.17. 320,723 shares of the company’s stock traded hands, compared to its average volume of 409,909. The company has a market cap of $606.31 million, a PE ratio of -6.21 and a beta of 1.94. The firm’s fifty day moving average price is $23.85 and its 200 day moving average price is $25.86. Alpha and Omega Semiconductor Limited has a twelve month low of $15.90 and a twelve month high of $46.65.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AOSL. Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. B. Riley restated a “neutral” rating and issued a $24.00 price target (down from $40.00) on shares of Alpha and Omega Semiconductor in a research report on Thursday, November 6th. Stifel Nicolaus decreased their price objective on shares of Alpha and Omega Semiconductor from $29.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, October 8th. Finally, Benchmark decreased their price target on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.33.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently made changes to their positions in AOSL. First Eagle Investment Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 7.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 329,208 shares of the semiconductor company’s stock valued at $8,447,000 after purchasing an additional 22,500 shares during the period. Peregrine Capital Management LLC lifted its stake in Alpha and Omega Semiconductor by 27.3% in the second quarter. Peregrine Capital Management LLC now owns 222,739 shares of the semiconductor company’s stock valued at $5,715,000 after buying an additional 47,719 shares during the period. Los Angeles Capital Management LLC bought a new position in Alpha and Omega Semiconductor during the second quarter worth about $437,000. Boston Partners grew its position in shares of Alpha and Omega Semiconductor by 29.3% during the 2nd quarter. Boston Partners now owns 769,687 shares of the semiconductor company’s stock worth $19,751,000 after buying an additional 174,550 shares during the period. Finally, Clearline Capital LP bought a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $9,267,000. 78.97% of the stock is owned by institutional investors and hedge funds.

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.