Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Down 3.3%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report)'s share price fell 3.3% during trading on Monday . The company traded as low as $36.03 and last traded at $36.12. 90,196 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 236,651 shares. The stock had previously closed at $37.37.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AOSL. B. Riley lifted their target price 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. Stifel Nicolaus lifted their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a "sell" rating in a research report on Thursday, July 18th. Finally, Benchmark lifted their price objective on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, June 28th.

Alpha and Omega Semiconductor Trading Down 1.4 %

The stock has a market capitalization of $1.06 billion, a PE ratio of -108.35 and a beta of 2.39. The business's 50-day moving average is $37.56 and its two-hundred day moving average is $28.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its 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. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.03 million. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The business's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.19 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $8,389,000. Algert Global LLC raised its stake in shares of Alpha and Omega Semiconductor by 35.9% during the 2nd quarter. Algert Global LLC now owns 32,958 shares of the semiconductor company's stock worth $1,232,000 after buying an additional 8,707 shares during the last quarter. Susquehanna International Group Ltd. acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $248,000. Millennium Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company's stock worth $5,130,000 after buying an additional 123,093 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Alpha and Omega Semiconductor by 15.2% during the 2nd 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.

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.