Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 5.2% - Here's Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares dropped 5.2% during trading on Friday . The company traded as low as $23.34 and last traded at $23.52. Approximately 60,547 shares changed hands during trading, a decline of 88% from the average daily volume of 523,297 shares. The stock had previously closed at $24.80.

Analysts Set New Price Targets

A number of analysts have weighed in on AOSL shares. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Benchmark decreased their price objective on 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 dropped their target price on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, April 17th.

Alpha and Omega Semiconductor Stock Performance

The company has a market capitalization of $696.55 million, a PE ratio of -29.60 and a beta of 2.08. 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 business has a 50 day simple moving average of $21.03 and a 200 day simple moving average of $30.25.

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) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The business had revenue of $164.60 million during the quarter, compared to analysts' expectations of $157.23 million. During the same quarter last year, the company posted ($0.04) earnings per share. The business's quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,845 shares of the business's stock in a transaction dated 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 owns 130,951 shares of the company's stock, valued at $3,107,467.23. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AOSL. Vanguard Group Inc. boosted its holdings in Alpha and Omega Semiconductor by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock valued at $89,303,000 after acquiring an additional 14,070 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Alpha and Omega Semiconductor by 5.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,252,531 shares of the semiconductor company's stock valued at $31,138,000 after purchasing an additional 63,286 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in Alpha and Omega Semiconductor during the 4th quarter worth $42,162,000. Wellington Management Group LLP grew its stake in Alpha and Omega Semiconductor by 43.4% during the 1st quarter. Wellington Management Group LLP now owns 908,043 shares of the semiconductor company's stock worth $22,574,000 after buying an additional 274,698 shares during the last quarter. Finally, Robeco Schweiz AG acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter worth $19,434,000. Institutional investors and hedge funds own 78.97% of the company's stock.

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.