Xue Bing, Executive Vice President of Worldwide Sales and Business Development at Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), recently sold 1,883 common shares of the company. The transaction, which took place on December 12, 2024, was executed at a price of $47.38 per share, amounting to a total value of $89,216.
Following this sale, Xue Bing retains ownership of 127,103 shares, which includes various unvested shares subject to performance and service-based vesting conditions. The sale was conducted under a Rule 10b5-1 trading plan, which had been adopted on September 3, 2024.
In other recent news, Alpha & Omega Semiconductor has made significant changes to its financial oversight structure, appointing Deloitte as its new independent registered public accounting firm, replacing Baker Tilly. This change comes despite no disagreements between the company and Baker Tilly on accounting principles, practices, or financial statement disclosure. Alpha & Omega Semiconductor 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.
Furthermore, 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. In contrast, Benchmark, another analyst firm, lowered its price target for the company to $40 from its previous $42 while maintaining a Buy rating. These recent developments indicate a mixed outlook from analysts, reflecting different interpretations of the company's current financial status and future prospects.
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