Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 4% After Insider Selling

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s stock price fell 4% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $43.39 and last traded at $43.40. 149,695 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 316,779 shares. The stock had previously closed at $45.20.

Specifically, EVP Bing Xue sold 1,883 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total transaction of $89,216.54. Following the completion of the sale, the executive vice president now owns 127,103 shares in the company, valued at $6,022,140.14. This represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Several research firms have recently commented on AOSL. 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 research report on Tuesday, November 5th. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a report on Wednesday, November 6th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Wednesday, December 11th. Finally, Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

The stock has a 50-day moving average price of $36.82 and a two-hundred day moving average price of $36.56. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -61.81 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.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share 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 business had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the business posted $0.30 EPS. Alpha and Omega Semiconductor's revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the third quarter valued at $45,000. Point72 DIFC Ltd acquired a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at about $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the 2nd quarter worth approximately $62,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock worth $66,000 after purchasing an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

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.