Claudia Chen, a director at Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), reported selling a total of 5,623 common shares on December 5, 2024. The transactions were executed at prices ranging from $50.27 to $52.44 per share, amounting to a total value of $288,286. Following these sales, Chen holds 26,572 shares in the company. These sales were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a future date. According to InvestingPro analysis, AOSL maintains strong financial health with more cash than debt and a current ratio of 2.65. Discover 15+ additional exclusive insights and comprehensive analysis available through InvestingPro's detailed research reports, covering over 1,400 US stocks.
In other recent news, Alpha & Omega Semiconductor has undergone significant changes and developments. The company's Audit Committee dismissed Baker Tilly US, LLP as its independent registered public accounting firm, appointing Deloitte & Touche LLP in its place. This change followed Baker Tilly's (NYSE:TLYS) report that highlighted a material weakness in internal control over financial reporting, which has since been remediated.
The company also reported a slight year-over-year increase in revenue for the Fiscal First Quarter of 2025, with a sequential rise in earnings per share. The reported revenue was $181.9 million, marking a 0.7% increase from the previous year and a 12.8% sequential increase, with non-GAAP EPS reaching $0.21.
Financial services firm Stifel revised its outlook on Alpha & Omega Semiconductor, reducing the price target to $27.00 from the previous $34.00, while maintaining a Sell rating on the stock. In contrast, Benchmark, another analyst firm, lowered its price target for the company to $40 from its previous $42 while maintaining a Buy rating. Both firms' decisions were based on recent developments and projections for the company.
In other company news, Alpha & Omega Semiconductor is focusing on becoming a total solutions provider, with an emphasis on AI, advanced computing, and sustainable energy solutions. These recent developments provide a snapshot of the company's current situation and future direction.
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