Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 6.7% – Should You Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares fell 6.7% during mid-day trading on Friday . The stock traded as low as $38.32 and last traded at $38.32. 177,094 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 339,411 shares. The stock had previously closed at $41.05.

Analysts Set New Price Targets

AOSL has been the topic of several research reports. B. Riley decreased their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus decreased their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday.

Alpha and Omega Semiconductor Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The stock has a market cap of $1.11 billion, a P/E ratio of -57.06 and a beta of 2.48. The firm has a 50-day moving average price of $37.44 and a 200-day moving average price of $37.15.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, Director Claudia Chen sold 5,623 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $51.27, for a total transaction of $288,291.21. Following the transaction, the director now directly owns 26,572 shares of the company’s stock, valued at $1,362,346.44. The trade was a 17.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,065 shares of company stock worth $2,534,690. Company insiders own 16.90% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of AOSL. Louisiana State Employees Retirement System boosted its stake in Alpha and Omega Semiconductor by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after buying an additional 400 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Alpha and Omega Semiconductor by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock worth $6,362,000 after buying an additional 7,312 shares in the last quarter. nVerses Capital LLC purchased a new position in Alpha and Omega Semiconductor in the second quarter worth about $116,000. Versor Investments LP bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $266,000. Finally, Arizona State Retirement System bought a new position in Alpha and Omega Semiconductor during the second quarter valued at $251,000. 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.