Bing Xue Sells 1,242 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Stock

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) EVP Bing Xue sold 1,242 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the sale, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at approximately $4,037,880. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bing Xue also recently made the following trade(s):

• On Thursday, December 12th, Bing Xue sold 1,883 shares of Alpha and Omega Semiconductor stock. The stock was sold at an average price of $47.38, for a total transaction of $89,216.54.
• On Tuesday, December 3rd, Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ AOSL opened at $36.67 on Thursday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -54.73 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. The firm’s 50-day simple moving average is $38.34 and its 200 day simple moving average is $37.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AOSL has been the subject of several research reports. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. B. Riley reduced their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently bought and sold shares of AOSL. State Street Corp raised its holdings in shares of Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after purchasing an additional 334,657 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after buying an additional 169,619 shares during the last quarter. Geode Capital Management LLC increased its stake in Alpha and Omega Semiconductor by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after buying an additional 31,286 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after buying an additional 25,100 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after buying an additional 247,051 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.