Mike F. Chang Sells 30,000 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSLGet Free Report) Chairman Mike F. Chang sold 30,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $26.91, for a total value of $807,300.00. Following the transaction, the chairman now owns 4,500,286 shares of the company’s stock, valued at $121,102,696.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Alpha and Omega Semiconductor Trading Down 2.9 %

Shares of Alpha and Omega Semiconductor stock opened at $25.66 on Thursday. The company has a quick ratio of 1.34, a current ratio of 2.35 and a debt-to-equity ratio of 0.04. The firm has a market cap of $712.83 million, a price-to-earnings ratio of -80.19 and a beta of 2.43. The business has a fifty day simple moving average of $25.17 and a 200-day simple moving average of $27.47. Alpha and Omega Semiconductor Limited has a fifty-two week low of $20.03 and a fifty-two week high of $38.87.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The semiconductor company reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.32. The business had revenue of $180.63 million during the quarter, compared to analyst estimates of $180.00 million. Alpha and Omega Semiconductor had a positive return on equity of 1.57% and a negative net margin of 1.19%. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in shares of Alpha and Omega Semiconductor in the 4th quarter valued at $294,000. Raymond James & Associates boosted its position in shares of Alpha and Omega Semiconductor by 8.5% in the 4th quarter. Raymond James & Associates now owns 19,510 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 1,533 shares during the period. Wellington Management Group LLP boosted its position in shares of Alpha and Omega Semiconductor by 288.5% in the 3rd quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock valued at $8,752,000 after purchasing an additional 217,800 shares during the period. Deutsche Bank AG boosted its position in shares of Alpha and Omega Semiconductor by 16.8% in the 3rd quarter. Deutsche Bank AG now owns 10,113 shares of the semiconductor company’s stock valued at $302,000 after purchasing an additional 1,458 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Alpha and Omega Semiconductor by 53.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 29,868 shares of the semiconductor company’s stock valued at $891,000 after purchasing an additional 10,392 shares during the period. 63.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AOSL shares. Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $26.00 to $24.00 and set a “sell” rating for the company in a research report on Tuesday, November 7th. B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $34.00 in a research report on Tuesday, January 2nd. Benchmark reduced their price target on Alpha and Omega Semiconductor from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, January 26th.

Read Our Latest Stock Report on AOSL

About Alpha and Omega Semiconductor

(Get Free Report)

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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