Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) COO Sells $77,474.67 in Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor 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 transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alpha and Omega Semiconductor Stock Up 1.6 %

Shares of Alpha and Omega Semiconductor stock traded up $0.56 during trading hours on Friday, reaching $36.01. 171,880 shares of the company were exchanged, compared to its average volume of 242,244. The firm has a market cap of $1.03 billion, a PE ratio of -104.26 and a beta of 2.41. The stock's fifty day moving average is $36.52 and its 200 day moving average is $33.20. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $47.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business had revenue of $161.30 million during the quarter, compared to analysts' expectations of $160.03 million. During the same quarter last year, the business posted $0.08 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.32 earnings per share for the current year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $8,389,000. The Manufacturers Life Insurance Company increased its position in shares of 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. Millennium Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 867.6% in the 2nd 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 last quarter. Jacobs Levy Equity Management Inc. grew its stake in Alpha and Omega Semiconductor by 101.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company's stock worth $4,394,000 after buying an additional 100,591 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Alpha and Omega Semiconductor by 18.9% during the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company's stock worth $9,842,000 after buying an additional 71,000 shares during the period. 78.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AOSL shares. Benchmark boosted their target price on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a "buy" rating in a report on Friday, June 28th. B. Riley upped their price target on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 11th. Stifel Nicolaus raised their price objective on 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. Finally, StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research note on Wednesday, September 18th.

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.

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