Alpha and Omega Semiconductor (NASDAQ:AOSL) Shares Gap Down After Earnings Miss

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)’s share price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $33.25, but opened at $28.52. Alpha and Omega Semiconductor shares last traded at $28.80, with a volume of 141,289 shares changing hands.

The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AOSL. B. Riley lowered their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday. Stifel Nicolaus lifted their target price on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a report on Thursday, July 18th. Finally, StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday.

Insider Activity at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the transaction, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,560 shares of company stock worth $562,003 over the last 90 days. Company insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AOSL. BNP Paribas Financial Markets grew its holdings in Alpha and Omega Semiconductor by 7.6% during the 1st quarter. BNP Paribas Financial Markets now owns 32,965 shares of the semiconductor company’s stock valued at $727,000 after buying an additional 2,336 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Alpha and Omega Semiconductor by 3.2% during the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock valued at $442,000 after acquiring an additional 613 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter worth about $616,000. Sei Investments Co. raised its stake in Alpha and Omega Semiconductor by 51.6% in the 1st quarter. Sei Investments Co. now owns 108,301 shares of the semiconductor company’s stock valued at $2,387,000 after purchasing an additional 36,853 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Alpha and Omega Semiconductor by 18.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after purchasing an additional 71,000 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Price Performance

The company has a market capitalization of $776.60 million, a price-to-earnings ratio of -68.64 and a beta of 2.42. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The company’s 50 day simple moving average is $36.01 and its 200-day simple moving average is $34.05.

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.