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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down before the market opened on Thursday . The stock had previously closed at $49.33, but opened at $39.13. Alpha and Omega Semiconductor shares last traded at $37.8750, with a volume of 432,998 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AOSL. B. Riley Financial lifted their price objective on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, February 6th. Zacks Research upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.50.

Alpha and Omega Semiconductor Stock Up 1.2%

The firm has a market cap of $1.13 billion, a P/E ratio of -10.65 and a beta of 2.58. The firm’s 50-day simple moving average is $27.56 and its 200 day simple moving average is $24.05.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.06. The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, analysts forecast that Alpha and Omega Semiconductor Limited will post -1.65 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Mike F. Chang purchased 33,727 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $19.00 per share, with a total value of $640,813.00. Following the completion of the transaction, the director directly owned 4,369,574 shares in the company, valued at approximately $83,021,906. This trade represents a 0.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yifan Liang sold 8,625 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $35.00, for a total transaction of $301,875.00. Following the completion of the sale, the chief financial officer directly owned 270,003 shares in the company, valued at approximately $9,450,105. This trade represents a 3.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 59,860 shares of company stock worth $1,913,960. Insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Alpha and Omega Semiconductor by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after purchasing an additional 33,959 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Alpha and Omega Semiconductor by 4.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after purchasing an additional 73,631 shares during the period. State Street Corp raised its position in shares of Alpha and Omega Semiconductor by 21.6% in the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 262,117 shares during the period. Wellington Management Group LLP raised its position in shares of Alpha and Omega Semiconductor by 15.0% in the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after purchasing an additional 113,077 shares during the period. Finally, Robeco Schweiz AG grew its stake in Alpha and Omega Semiconductor by 0.4% during the third quarter. Robeco Schweiz AG now owns 785,264 shares of the semiconductor company’s stock valued at $21,956,000 after acquiring an additional 2,761 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

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.