SUNNYVALE, Calif.—Liang Yifan, chief financial officer and corporate secretary of Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), has sold a significant portion of his stake in the company. According to a recent SEC filing, Liang sold a total of 30,004 common shares on December 4, 2024, worth approximately $1.53 million.
Shares traded at prices ranging from $47.56 to $50.44 per share. These transactions were executed under a predetermined Rule 10b5-1 trading plan adopted by Liang earlier in September. Following these sales, Liang retains ownership of 265,175 shares in Alpha & Omega Semiconductor, including various unvested shares subject to performance and service-based vesting conditions.
Alpha & Omega Semiconductor, headquartered in Sunnyvale, California, is known for its role in the semiconductor and related device sector.
In other recent news, Alpha & Omega Semiconductor reported a slight year-over-year increase in revenue for the first fiscal quarter of 2025, along with sequential earnings per share growth. Reported revenue was $181.9 million, up 0.7% year-over-year and up 12.8% sequentially. Non-GAAP gross margin was 25.5% and non-GAAP earnings per share reached $0.21. In addition, the company announced a significant change in its financial oversight structure, appointing Deloitte & Touche LLP as its new independent registered public accounting firm, replacing Baker Tilly US, LLP.
Financial services firm Stifel adjusted their outlook on Alpha & Omega Semiconductor, cutting their target price to $27.00 from $34.00 previously, while maintaining a sell rating on the stock. On the other hand, Benchmark, another analyst firm, lowered its price target for the company to $40 from $42 previously, while maintaining a Buy rating. These adjustments follow recent developments in the company’s financial results and market conditions.
Amid these changes, Alpha & Omega Semiconductor continues its strategic focus on becoming a complete solutions provider, with a focus on AI, advanced computing and sustainable energy solutions. It is important to note that these are recent events and may affect the company’s future operations.
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