Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Down 7.9% - Here's What Happened

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price dropped 7.9% during trading on Monday . The company traded as low as $24.21 and last traded at $23.98. Approximately 47,755 shares were traded during trading, a decline of 89% from the average daily volume of 450,829 shares. The stock had previously closed at $26.03.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AOSL. Benchmark boosted their price target on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday, March 7th.

Alpha and Omega Semiconductor Price Performance

The company has a market capitalization of $543.59 million, a price-to-earnings ratio of -23.10 and a beta of 2.56. The company has a fifty day simple moving average of $31.47 and a two-hundred day simple moving average of $35.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. As a group, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

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Insider Activity at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,242 shares of the 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 completion of the sale, the executive vice president now owns 115,368 shares of the company's stock, valued at approximately $4,037,880. This represents a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently bought and sold shares of AOSL. Hood River Capital Management LLC purchased a new stake in Alpha and Omega Semiconductor during the 4th quarter worth $42,162,000. State Street Corp lifted its stake in shares of 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 worth $49,789,000 after purchasing an additional 334,657 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $11,612,000. Millennium Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 2,741.6% in the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after buying an additional 247,678 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Alpha and Omega Semiconductor by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock valued at $17,503,000 after buying an additional 247,051 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.