Alpha and Omega Semiconductor Limited (AOSL) Formed a Bearish Double Bottom, Could Be One of The Worst Performers Going Forward

July 27, 2018 - By Palma Niemeyer

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.49, from 1.52 in 2017Q4. It turned negative, as 8 investors sold Alpha and Omega Semiconductor Limited shares while 30 reduced holdings. 15 funds opened positions while 24 raised stakes. 15.82 million shares or 3.72% less from 16.44 million shares in 2017Q4 were reported.
Credit Suisse Ag reported 14,616 shares or 0% of all its holdings. Ameriprise Finance reported 21,946 shares stake. State Street Corporation holds 0% in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) or 363,597 shares. Fmr Lc invested in 0% or 1.06 million shares. Millennium stated it has 0.01% in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL). Zurcher Kantonalbank (Zurich Cantonalbank) reported 3,408 shares. Prudential Inc reported 110,425 shares. Moreover, Alliancebernstein Ltd Partnership has 0% invested in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) for 15,400 shares. Product Prns Ltd Liability holds 0.01% of its portfolio in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) for 24,747 shares. D E Shaw & invested 0.01% of its portfolio in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL). Fny Managed Accounts Limited Com owns 0% invested in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) for 120 shares. Ameritas Investment accumulated 1,700 shares or 0% of the stock. Atlantic Tru Gru Lc invested in 0% or 1,609 shares. Bessemer Gp reported 30,600 shares stake. Sei Invests holds 132 shares.

Since April 3, 2018, it had 0 insider buys, and 4 insider sales for $236,393 activity.

The chart of Alpha and Omega Semiconductor Limited (AOSL) shows a double bottom with $12.91 target or 9.00 % below today’s $14.19 share price. The 8 months chart pattern indicates high risk for the $338.86 million company. It was reported on Jul, 27 by Finviz.com. If the $12.91 price target is reached, the company will be worth $30.50M less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.50% or $0.21 during the last trading session, reaching $14.19. About 44,236 shares traded. Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) has declined 14.81% since July 27, 2017 and is downtrending. It has underperformed by 27.38% the S&P500.

Analysts await Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) to report earnings on August, 8. They expect $0.09 earnings per share, down 47.06 % or $0.08 from last year’s $0.17 per share. AOSL’s profit will be $2.15 million for 39.42 P/E if the $0.09 EPS becomes a reality. After $0.13 actual earnings per share reported by Alpha and Omega Semiconductor Limited for the previous quarter, Wall Street now forecasts -30.77 % negative EPS growth.

Another recent and important Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) news was published by Businesswire.com which published an article titled: “Alpha and Omega Semiconductor Announces Type-C Power Delivery Input Protection Switch With True Reverse …” on July 19, 2018.

Alpha and Omega Semiconductor Limited, together with its subsidiaries, designs, develops, and supplies a portfolio of power semiconductors for consumer, computing, communications, and industrial markets primarily in the United States, Hong Kong, Macau, China, Taiwan, South Korea, Japan, and Germany. The company has market cap of $338.86 million. It offers various power discrete products, including low, medium, and high voltage power metal-oxide-semiconductor field-effect transistors ; and SRFETs, XSFET, electrostatic discharges, protected MOSFETs, and insulated gate bipolar transistors, which are used for routing current and switching voltages in power control circuits. It has a 20.27 P/E ratio. The firm also provides power IC products comprising devices that are used for power management and power delivery; and analog power devices that are used for circuit protection and signal switching.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Ratings Chart

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