Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.1% - Should You Sell?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares fell 7.1% during trading on Friday . The stock traded as low as $35.80 and last traded at $36.11. 126,711 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 360,053 shares. The stock had previously closed at $38.86.

Wall Street Analysts Forecast Growth

AOSL has been the subject of several research analyst reports. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. B. Riley dropped their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. 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 note on Wednesday, November 6th. Finally, Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Down 7.4 %

The firm has a market cap of $1.05 billion, a PE ratio of -53.73 and a beta of 2.48. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The business's 50-day simple moving average is $37.90 and its 200 day simple moving average is $37.66.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $180.07 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,883 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total value of $89,216.54. Following the sale, the executive vice president now owns 127,103 shares of the company's stock, valued at $6,022,140.14. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,065 shares of company stock worth $2,534,690 in the last 90 days. Insiders own 16.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Alpha and Omega Semiconductor by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company's stock worth $403,000 after buying an additional 508 shares during the period. Franklin Resources Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock worth $510,000 after purchasing an additional 1,096 shares during the period. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter valued at $45,000. Point72 DIFC Ltd purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter worth about $47,000. Finally, Wedge Capital Management L L P NC grew its position in Alpha and Omega Semiconductor by 2.8% in the third quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company's stock valued at $1,822,000 after acquiring an additional 1,348 shares in 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.