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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $21.11, but opened at $20.12. Alpha and Omega Semiconductor shares last traded at $20.48, with a volume of 20,535 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on AOSL. Stifel Nicolaus cut their price objective on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, April 17th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Finally, Benchmark lowered their target price on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, May 9th.

Alpha and Omega Semiconductor Stock Down 0.2%

The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03. The firm has a market cap of $633.30 million, a P/E ratio of -26.91 and a beta of 2.02. The firm's 50-day moving average price is $21.29 and its 200 day moving average price is $31.18.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06. The company had revenue of $164.60 million during the quarter, compared to analysts' expectations of $157.23 million. Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) earnings per share. As a group, research analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $23.73, for a total transaction of $43,781.85. Following the completion of the sale, the executive vice president now directly owns 130,951 shares in the company, valued at approximately $3,107,467.23. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of AOSL. IFP Advisors Inc boosted its stake in Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 548 shares during the period. Sterling Capital Management LLC lifted its holdings in Alpha and Omega Semiconductor by 820.7% in the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 673 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Alpha and Omega Semiconductor by 94.7% in the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock worth $30,000 after buying an additional 594 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 291 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 78.97% of the company's stock.

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.