Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down Following Weak Earnings

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $43.33, but opened at $38.53. Alpha and Omega Semiconductor shares last traded at $39.66, with a volume of 309,435 shares traded.

The semiconductor company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,242 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $35.00, for a total value of $43,470.00. Following the completion of the sale, the executive vice president now owns 115,368 shares of the company’s stock, valued at approximately $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lucas S. Chang sold 12,497 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total value of $518,125.62. Following the transaction, the director now directly owns 25,204 shares in the company, valued at $1,044,957.84. The trade was a 33.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,124 shares of company stock valued at $2,500,685 over the last ninety days. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its stake in Alpha and Omega Semiconductor by 33.2% during the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after purchasing an additional 334,657 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Alpha and Omega Semiconductor by 5.7% during the third quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after buying an additional 31,286 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after buying an additional 247,051 shares in the last quarter. Bank of New York Mellon Corp raised its position in Alpha and Omega Semiconductor by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 147,398 shares of the semiconductor company’s stock valued at $5,458,000 after buying an additional 3,475 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares in the last quarter. 78.97% of the stock is owned by institutional investors.

Alpha and Omega Semiconductor Stock Performance

The company’s 50 day moving average price is $40.44 and its 200-day moving average price is $37.49. The stock has a market cap of $1.15 billion, a P/E ratio of -59.92 and a beta of 2.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

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.