Insider Selling: Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Director Sells 10,000 Shares of Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSLGet Rating) Director Michael J. Salameh sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the completion of the sale, the director now owns 48,425 shares of the company’s stock, valued at $1,937,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Alpha and Omega Semiconductor stock opened at $40.58 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 2.60 and a debt-to-equity ratio of 0.07. Alpha and Omega Semiconductor Limited has a twelve month low of $23.66 and a twelve month high of $69.99. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 2.50 and a beta of 2.47. The company’s fifty day moving average is $48.28 and its 200 day moving average is $49.11.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The semiconductor company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.16. The company had revenue of $203.20 million for the quarter, compared to analysts’ expectations of $194.03 million. Alpha and Omega Semiconductor had a net margin of 60.14% and a return on equity of 15.07%. Alpha and Omega Semiconductor’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post 3.42 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday. Benchmark lowered their price target on shares of Alpha and Omega Semiconductor from $78.00 to $70.00 in a report on Friday, May 6th. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, B. Riley reduced their price objective on shares of Alpha and Omega Semiconductor from $67.00 to $62.00 in a research note on Friday, May 6th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Alpha and Omega Semiconductor by 19.2% during the first quarter. Vanguard Group Inc. now owns 1,958,742 shares of the semiconductor company’s stock valued at $107,047,000 after acquiring an additional 315,805 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Alpha and Omega Semiconductor by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,870,849 shares of the semiconductor company’s stock valued at $102,252,000 after acquiring an additional 11,313 shares during the last quarter. BlackRock Inc. boosted its position in Alpha and Omega Semiconductor by 0.5% during the first quarter. BlackRock Inc. now owns 1,460,977 shares of the semiconductor company’s stock valued at $79,842,000 after acquiring an additional 7,050 shares during the last quarter. FMR LLC boosted its position in Alpha and Omega Semiconductor by 38.5% during the first quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock valued at $15,634,000 after acquiring an additional 377,800 shares during the last quarter. Finally, State Street Corp boosted its position in Alpha and Omega Semiconductor by 26.5% during the first quarter. State Street Corp now owns 1,140,733 shares of the semiconductor company’s stock valued at $62,341,000 after acquiring an additional 238,856 shares during the last quarter. 60.66% of the stock is currently owned by institutional investors and hedge funds.

About Alpha and Omega Semiconductor (Get Rating)

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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