Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 5.2% - Here's What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price traded down 5.2% during mid-day trading on Friday . The stock traded as low as $23.34 and last traded at $23.52. 60,547 shares were traded during mid-day trading, a decline of 88% from the average session volume of 523,297 shares. The stock had previously closed at $24.80.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AOSL. 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 lowered their price target on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, April 17th.

Alpha and Omega Semiconductor Stock Performance

The firm has a market cap of $667.43 million, a PE ratio of -28.36 and a beta of 2.08. The stock has a 50-day moving average price of $21.03 and a 200 day moving average price of $30.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50.

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

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total value of $43,781.85. Following the transaction, the executive vice president now directly owns 130,951 shares in the company, valued at $3,107,467.23. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc grew its stake in Alpha and Omega Semiconductor by 276.8% during the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock worth $28,000 after buying an additional 548 shares during the period. Northern Trust Corp boosted its position in Alpha and Omega Semiconductor by 9.3% during the 4th 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. Millennium Management LLC increased its holdings in Alpha and Omega Semiconductor by 2,741.6% in the 4th quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after purchasing an additional 247,678 shares in the last quarter. Empowered Funds LLC raised its position in Alpha and Omega Semiconductor by 5.0% in the fourth quarter. Empowered Funds LLC now owns 42,303 shares of the semiconductor company's stock valued at $1,566,000 after purchasing an additional 2,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 0.6% during 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 in the last quarter. Hedge funds and other institutional investors 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.