Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 4.9% - Here's What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price fell 4.9% on Monday . The stock traded as low as $38.20 and last traded at $37.91. 186,857 shares changed hands during trading, a decline of 73% from the average session volume of 687,787 shares. The stock had previously closed at $39.85.

Analysts Set New Price Targets

AOSL has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th. Benchmark raised their target price on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. B. Riley reduced their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.44. The company has a market cap of $1.00 billion, a PE ratio of -43.19 and a beta of 2.47. The stock has a 50 day simple moving average of $40.06 and a two-hundred day simple moving average of $37.33.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. Equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Activity

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the sale, the executive vice president now owns 128,986 shares in the company, valued at $5,288,426. The trade was a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lucas S. Chang sold 12,497 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total transaction of $518,125.62. Following the sale, the director now directly owns 25,204 shares of the company's stock, valued at approximately $1,044,957.84. This trade represents a 33.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,124 shares of company stock valued at $2,500,685 over the last quarter. Corporate insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

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% in the 4th quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock worth $89,303,000 after acquiring an additional 14,070 shares during the period. State Street Corp raised its stake in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company's stock valued at $49,789,000 after buying an additional 334,657 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Alpha and Omega Semiconductor by 12.4% in the fourth quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock worth $23,453,000 after purchasing an additional 70,100 shares during the period. Geode Capital Management LLC lifted its holdings in Alpha and Omega Semiconductor by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 580,556 shares of the semiconductor company's stock worth $21,503,000 after acquiring an additional 1,851 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock worth $17,503,000 after purchasing an additional 247,051 shares during the last quarter. Hedge funds and other institutional investors 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.