Alpha and Omega Semiconductor (NASDAQ:AOSL) Director Mike Chang Acquires 33,727 Shares

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Mike Chang bought 33,727 shares of the business’s stock in a transaction on Monday, March 9th. The stock was bought at an average price of $19.00 per share, with a total value of $640,813.00. Following the purchase, the director owned 4,369,574 shares in the company, valued at $83,021,906. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alpha and Omega Semiconductor Stock Up 1.4%

AOSL stock opened at $20.12 on Wednesday. The stock has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $23.90. Alpha and Omega Semiconductor Limited has a twelve month low of $15.90 and a twelve month high of $33.01. The firm has a market capitalization of $598.77 million, a PE ratio of -5.80 and a beta of 1.99.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The firm had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. Alpha and Omega Semiconductor’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 634.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 895 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Alpha and Omega Semiconductor by 49.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock worth $39,000 after buying an additional 504 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Alpha and Omega Semiconductor in the 3rd quarter worth approximately $62,000. CWM LLC boosted its stake in Alpha and Omega Semiconductor by 20.0% in the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock worth $65,000 after buying an additional 386 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Alpha and Omega Semiconductor in the first quarter worth approximately $70,000. Institutional investors own 78.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Stifel Nicolaus decreased their target price on 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $23.67.

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.