Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down Following Weak Earnings

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $43.33, but opened at $38.53. Alpha and Omega Semiconductor shares last traded at $39.66, with a volume of 309,435 shares.

The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of 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. Benchmark raised their target price on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday. B. Riley lowered their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th.

Insider Buying and Selling

In related news, Director Claudia Chen sold 5,623 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the sale, the director now owns 26,572 shares of the company's stock, valued at $1,362,346.44. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bing Xue sold 1,242 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the transaction, the executive vice president now directly owns 115,368 shares of the company's stock, valued at $4,037,880. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,124 shares of company stock valued at $2,500,685 over the last three months. Corporate insiders own 16.90% of the company's stock.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC boosted its holdings 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 worth $1,822,000 after acquiring an additional 1,348 shares in the last quarter. Eastern Bank bought a new position in Alpha and Omega Semiconductor in the 3rd quarter worth about $174,000. Farther Finance Advisors LLC grew its position in Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock valued at $66,000 after purchasing an additional 1,750 shares during the last quarter. Olympiad Research LP bought a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at about $668,000. Finally, Summit Global Investments purchased a new position in Alpha and Omega Semiconductor in the third quarter worth about $645,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Trading Down 6.8 %

The firm's 50 day moving average price is $40.66 and its 200-day moving average price is $37.44. 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 stock has a market cap of $1.08 billion, a P/E ratio of -46.44 and a beta of 2.47.

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.