Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down - Here's Why

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $39.33, but opened at $38.52. Alpha and Omega Semiconductor shares last traded at $39.17, with a volume of 169,273 shares changing hands.

Analyst Ratings Changes

AOSL has been the topic of a number of research analyst reports. Benchmark reaffirmed 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. B. Riley dropped their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Tuesday, December 24th. Finally, Stifel Nicolaus lowered their price objective on shares of 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 firm has a market capitalization of $1.18 billion, a P/E ratio of -60.75 and a beta of 2.48. The stock has a fifty day moving average of $40.19 and a 200-day moving average of $37.79. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the business earned $0.30 earnings per share. Alpha and Omega Semiconductor's revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Insider Activity

In other news, CFO Yifan Liang sold 31,004 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the sale, the chief financial officer now owns 265,175 shares in the company, valued at $13,049,261.75. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bing Xue sold 875 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now owns 128,986 shares in the company, valued at approximately $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,124 shares of company stock worth $2,500,685 in the last quarter. Corporate insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Alpha and Omega Semiconductor by 42.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company's stock valued at $1,359,000 after purchasing an additional 10,921 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Alpha and Omega Semiconductor by 9.0% in the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock valued at $510,000 after purchasing an additional 1,096 shares during the period. Barclays PLC lifted its stake in shares of Alpha and Omega Semiconductor by 367.4% during the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company's stock worth $1,498,000 after buying an additional 31,725 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company's stock worth $21,486,000 after buying an additional 31,286 shares during the period. Finally, Zacks Investment Management grew its stake in Alpha and Omega Semiconductor by 12.1% in the 3rd quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company's stock valued at $2,501,000 after buying an additional 7,294 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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.