Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Falls 9.7% - Time to Sell?

Key Points

• Alpha and Omega Semiconductor shares fell 9.7% on Friday to about $27.58, with trading volume roughly 94% below its average.
• Analyst opinions are mixed, but MarketBeat reports a consensus Hold rating and a $32.80 average price target; recent target cuts ranged from $45 to $22.
• In its latest quarter, the company posted a smaller-than-expected loss of $0.07 per share and revenue of $177.76 million, slightly above estimates, though revenue declined 2.6% year over year.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) fell 9.7% during trading on Friday. The company traded as low as $27.86 and last traded at $27.5820. Approximately 38,650 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 642,520 shares. The stock had previously closed at $30.53.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. B. Riley Financial decreased their price objective on shares of Alpha and Omega Semiconductor from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, November 6th. Needham & Company LLC dropped their price objective on shares of Alpha and Omega Semiconductor from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, November 6th. Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, November 6th. Finally, Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Saturday, November 7th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $32.80.

Alpha and Omega Semiconductor Stock Down 8.8%

The company has a market capitalization of $843.98 million, a PE ratio of -18.04 and a beta of 2.69. The firm has a 50-day moving average of $25.56 and a two-hundred day moving average of $30.40.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The semiconductor company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.07. The business had revenue of $177.76 million for the quarter, compared to analyst estimates of $176.20 million. Alpha and Omega Semiconductor had a negative return on equity of 5.70% and a negative net margin of 6.87%. The business's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. Equities analysts predict that Alpha and Omega Semiconductor Limited will post -1.70 EPS for the current fiscal year.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Alpha and Omega Semiconductor by 877.0% in the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 991 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Alpha and Omega Semiconductor by 2,008.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 1,165 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Alpha and Omega Semiconductor by 45.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,333 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 418 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter worth about $40,000. Finally, GAMMA Investing LLC boosted its position in Alpha and Omega Semiconductor by 15.2% during the third quarter. GAMMA Investing LLC now owns 4,095 shares of the semiconductor company's stock worth $113,000 after purchasing an additional 541 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor designs, develops and supplies power semiconductors and related products used to manage and convert electrical power. Its portfolio includes power MOSFETs, power integrated circuits, transient-voltage-suppression devices, IGBTs, silicon carbide devices and power modules. The company's products are used in computing, consumer electronics, communications, industrial equipment and automotive applications. They support functions such as power conversion, battery management and protection of electronic circuits.

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