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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) shares gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $33.25, but opened at $28.52. Alpha and Omega Semiconductor shares last traded at $28.80, with a volume of 141,289 shares trading hands.

The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. 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 prior year, the business earned $0.30 earnings per share. Alpha and Omega Semiconductor's revenue was up .7% on a year-over-year basis.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a "sell" rating in a research note on Thursday, July 18th. StockNews.com lowered Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, B. Riley dropped their target price 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.

Insiders Place Their Bets

In other news, COO Wenjun Li sold 2,183 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Wenjun Li sold 2,183 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were 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 approximately $2,176,637.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yifan Liang sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,560 shares of company stock worth $562,003 over the last 90 days. Corporate insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company's stock worth $46,843,000 after buying an additional 40,183 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company's stock worth $48,007,000 after purchasing an additional 169,619 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company's stock worth $17,625,000 after buying an additional 25,100 shares during the last quarter. Peregrine Capital Management LLC grew its position in shares of Alpha and Omega Semiconductor by 14.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company's stock valued at $12,657,000 after buying an additional 43,031 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth $8,389,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Stock Down 19.5 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.58 and a quick ratio of 1.31. The company has a market cap of $776.60 million, a price-to-earnings ratio of -68.64 and a beta of 2.42. The firm's 50 day simple moving average is $36.01 and its 200-day simple moving average is $34.05.

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.