Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 4.9% - Time to Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price dropped 4.9% during trading on Wednesday . The company traded as low as $20.36 and last traded at $20.52. Approximately 93,532 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 512,237 shares. The stock had previously closed at $21.58.

Analysts Set New Price Targets

AOSL has been the topic of a number of research reports. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. Benchmark cut their price objective on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating for the company in a research report on Thursday, April 17th.

Alpha and Omega Semiconductor Stock Down 1.3%

The company has a 50 day moving average of $21.29 and a 200-day moving average of $31.18. The company has a market capitalization of $626.39 million, a P/E ratio of -26.63 and a beta of 2.02. 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 announced its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.06. The business had revenue of $164.60 million during the quarter, compared to analyst estimates of $157.23 million. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. As a group, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, May 12th. The shares were sold at an average price of $23.73, for a total value of $43,781.85. Following the completion of the transaction, the executive vice president now owns 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 link. 16.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 47.2% in 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 period. IFP Advisors Inc lifted its stake in shares of Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 548 shares during the period. 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 valued at $30,000 after purchasing an additional 594 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company's stock valued at $352,000 after acquiring an additional 624 shares in the last quarter. Finally, Gagnon Securities LLC grew its holdings in Alpha and Omega Semiconductor by 0.3% in the first quarter. Gagnon Securities LLC now owns 214,761 shares of the semiconductor company's stock valued at $5,339,000 after purchasing an additional 656 shares during the period. 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.

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