Insider at Alpha & Omega Semiconductor Ltd Sells Shares Worth $128K - What Does This Mean for Investors?
In a recent transaction, Lucas S. Chang, a director at Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), has sold 3,377 shares of the company's stock. The shares were sold at a price of $38.0578 each, totaling $128,521. This transaction took place on August 23, 2024, according to the latest Form 4 filing with the Securities and Exchange Commission. Chang still holds 33,245 shares of the company.
Investors often look to insider transactions like this for insights into executives' confidence in their company. However, it's essential to consider various reasons for insider sales, which may not always indicate a negative outlook. Alpha & Omega Semiconductor Ltd has not commented on this transaction.
In other news, Alpha & Omega Semiconductor (AOS) reported its fiscal Q4 results, with revenue at $161.3 million and a non-GAAP EPS of $0.09. The company is transitioning to become a total solutions provider, targeting markets such as solar and e-mobility. AOS anticipates revenue of $180 million for the upcoming quarter and projects growth in PCs, servers, tablets, gaming, wearables, and smartphones.
Analysis:
Alpha & Omega Semiconductor appears to be facing financial challenges with a negative P/E ratio, indicating recent unprofitability. However, the company has more cash than debt, and analysts predict profitability this year. Stock prices have shown significant returns over the past three and six months, indicating growth potential.
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