Insider Selling: Alpha and Omega Semiconductor (NASDAQ:AOSL) EVP Sells 2,408 Shares of Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) EVP Bing Xue sold 2,408 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $21.92, for a total value of $52,783.36. Following the completion of the sale, the executive vice president owned 113,631 shares in the company, valued at approximately $2,490,791.52. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Bing Xue also recently made the following trade(s):

• On Thursday, January 15th, Bing Xue sold 737 shares of Alpha and Omega Semiconductor stock. The stock was sold at an average price of $22.43, for a total transaction of $16,530.91.

Alpha and Omega Semiconductor Stock Performance

Alpha and Omega Semiconductor stock traded down $0.12 during trading hours on Wednesday, hitting $21.10. The company had a trading volume of 230,545 shares, compared to its average volume of 344,976. The company has a 50-day moving average price of $21.77 and a two-hundred day moving average price of $23.63. Alpha and Omega Semiconductor Limited has a 1 year low of $15.90 and a 1 year high of $33.01. The firm has a market cap of $627.94 million, a P/E ratio of -6.08 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 the consensus estimate of ($0.08) by ($0.08). The firm had revenue of $162.26 million for the quarter, compared to analysts’ expectations of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Alpha and Omega Semiconductor by 1.4% in the 3rd 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 last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Alpha and Omega Semiconductor by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock valued at $32,263,000 after buying an additional 73,631 shares during the period. State Street Corp lifted its stake in 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 worth $29,203,000 after acquiring an additional 262,117 shares during the last quarter. Boston Partners grew its stake in shares of Alpha and Omega Semiconductor by 86.4% during the second quarter. Boston Partners now owns 1,109,377 shares of the semiconductor company’s stock worth $28,467,000 after purchasing an additional 514,240 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after acquiring an additional 113,077 shares in the last quarter. 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 (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.