Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Down 8.9%

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) fell 8.9% on Tuesday . The stock traded as low as $37.83 and last traded at $38.08. 146,068 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 244,343 shares. The stock had previously closed at $41.81.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AOSL. Benchmark upped 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 note on Friday, June 28th. B. Riley upped their price objective on shares of 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 upped 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 note on Thursday, July 18th. Finally, StockNews.com downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research note on Thursday, August 29th.

Alpha and Omega Semiconductor Stock Down 12.6 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.29 and a current ratio of 2.58. The firm has a market cap of $1.05 billion, a PE ratio of -107.47 and a beta of 2.39. The stock has a fifty day moving average price of $39.05 and a 200-day moving average price of $29.70.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. The business had revenue of $161.30 million during the quarter, compared to analysts' expectations of $160.03 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. Research analysts expect that Alpha and Omega Semiconductor Limited will post -1.06 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In related news, CFO Yifan Liang sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was 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 of the company's stock, valued at approximately $10,548,066.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the sale, the director now directly owns 33,245 shares of the company's stock, valued at $1,265,304.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yifan Liang sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value 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 $10,548,066.40. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company's stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth $8,389,000. The Manufacturers Life Insurance Company grew 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 purchasing an additional 169,619 shares in the last quarter. Millennium Management LLC grew its stake 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 worth $5,130,000 after purchasing an additional 123,093 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Alpha and Omega Semiconductor by 101.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company's stock worth $4,394,000 after purchasing an additional 100,591 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in Alpha and Omega Semiconductor by 46.8% during the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company's stock valued at $6,516,000 after buying an additional 94,196 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

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.