SUNNYVALE, Calif.—Liang Yifan, the Chief Financial Officer and Corporate Secretary of Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Liang disposed of a total of 30,004 common shares on December 4, 2024, amounting to approximately $1.53 million.
The shares were sold at prices ranging from $47.56 to $50.44 per share. These transactions were conducted under a pre-established Rule 10b5-1 trading plan that Liang adopted earlier in September. Following these sales, Liang retains ownership of 265,175 shares in Alpha & Omega Semiconductor, including various unvested shares subject to performance-based and service-based vesting conditions.
Alpha & Omega Semiconductor, headquartered in Sunnyvale, California, is known for its role in the semiconductors and related devices sector.
In other recent news, Alpha & Omega Semiconductor has 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. The non-GAAP gross margin stood at 25.5%, with non-GAAP EPS reaching $0.21. In addition, the company has 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 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. On the other hand, Benchmark, another analyst firm, lowered its price target for the company to $40 from its previous $42 while maintaining a Buy rating. These adjustments follow recent developments in the company's financial performance and market conditions.
In the midst of these changes, Alpha & Omega Semiconductor continues its strategic focus on becoming a total solutions provider, with an emphasis on AI, advanced computing, and sustainable energy solutions. It's important to note that these are recent developments and may have an impact on the company's future operations.
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