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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) gapped down prior to trading on Thursday . The stock had previously closed at $48.88, but opened at $47.38. Alpha and Omega Semiconductor shares last traded at $48.45, with a volume of 62,701 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on AOSL shares. StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. B. Riley cut their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Down 4.2 %

The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -67.46 and a beta of 2.48. The stock has a fifty day moving average of $36.64 and a two-hundred day moving average of $36.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Alpha and Omega Semiconductor’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yifan Liang sold 31,004 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total value of $1,525,706.84. Following the sale, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,065 shares of company stock worth $2,534,690. Company insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AOSL. Louisiana State Employees Retirement System boosted its position in shares of Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Alpha and Omega Semiconductor by 4.9% in the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 508 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Alpha and Omega Semiconductor by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock valued at $878,000 after acquiring an additional 511 shares during the period. Franklin Resources Inc. grew its stake in Alpha and Omega Semiconductor by 9.0% in the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 1,096 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $45,000. 78.97% of the stock is owned by institutional investors.

Alpha and Omega Semiconductor Company Profile

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.