Lucas S. Chang Sells 3,377 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares in the company, valued at $1,265,304.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Alpha and Omega Semiconductor Stock Up 5.2 %

NASDAQ:AOSL traded up $1.88 during mid-day trading on Friday, reaching $38.33. The stock had a trading volume of 234,017 shares, compared to its average volume of 239,365. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. The stock has a market cap of $1.10 billion, a P/E ratio of -112.74 and a beta of 2.39. The business's 50 day moving average is $38.08 and its 200 day moving average is $28.90. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.03 million. During the same quarter in the prior year, the business posted $0.08 EPS. Alpha and Omega Semiconductor's quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 earnings per share for the current year.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently made changes to their positions in AOSL. Point72 Asset Management L.P. bought a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $8,389,000. Algert Global LLC grew its holdings in Alpha and Omega Semiconductor by 35.9% during the second quarter. Algert Global LLC now owns 32,958 shares of the semiconductor company's stock valued at $1,232,000 after purchasing an additional 8,707 shares during the last quarter. Susquehanna International Group Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $248,000. Millennium Management LLC raised its position in shares of Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company's stock valued at $5,130,000 after purchasing an additional 123,093 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Alpha and Omega Semiconductor by 15.2% in 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 buying an additional 169,619 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a "sell" rating in a research report on Thursday, July 18th. B. Riley boosted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, July 11th. Finally, Benchmark increased their price objective on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, June 28th.

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.

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