Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 5% - What's Next?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares were down 5% during mid-day trading on Monday . The company traded as low as $25.95 and last traded at $26.26. Approximately 43,732 shares traded hands during trading, a decline of 91% from the average daily volume of 507,666 shares. The stock had previously closed at $27.64.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. B. Riley boosted their target price on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Benchmark dropped their target price on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and boosted their target price for the stock from $18.00 to $25.00 in a research report on Tuesday.

Alpha and Omega Semiconductor Stock Up 2.1%

The company has a current ratio of 2.57, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $24.28 and a 200 day simple moving average of $27.69. The firm has a market capitalization of $828.91 million, a PE ratio of -36.13 and a beta of 2.11.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. The business had revenue of $164.60 million for the quarter, compared to analysts' expectations of $157.23 million. Alpha and Omega Semiconductor had a negative return on equity of 0.28% and a negative net margin of 3.33%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Insider Activity

In other news, EVP Bing Xue sold 1,845 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the transaction, the executive vice president directly owned 130,951 shares of the company's stock, valued at approximately $3,107,467.23. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of Alpha and Omega Semiconductor by 94.7% during the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after buying an additional 594 shares during the period. Millennium Management LLC grew its stake in Alpha and Omega Semiconductor by 2,741.6% in the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock worth $9,506,000 after purchasing an additional 247,678 shares during the period. Northern Trust Corp grew its stake in Alpha and Omega Semiconductor by 9.3% in the fourth quarter. Northern Trust Corp now owns 261,446 shares of the semiconductor company's stock worth $9,681,000 after purchasing an additional 22,294 shares during the period. Vanguard Group Inc. grew its stake in Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock worth $89,303,000 after purchasing an additional 14,070 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Alpha and Omega Semiconductor by 20.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,547 shares of the semiconductor company's stock worth $2,501,000 after purchasing an additional 11,398 shares during the period. 78.97% of the stock is owned by hedge funds and other 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.