SUNNYVALE, Calif.—Xue Bing, Executive Vice President of Worldwide Sales and Business Development at Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL), recently sold a portion of his holdings in the company. According to a recent SEC filing, Bing sold 875 common shares on December 3 at a price of $41 per share, amounting to a total transaction value of $35,875.
Following this sale, Bing retains direct ownership of 128,986 shares in the semiconductor company. This total includes various unvested shares subject to performance and service-based vesting conditions, as well as shares acquired through the company's Employee Stock Purchase Plan.
The sale was executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks, helping to avoid concerns about insider trading.
In other recent news, Alpha & Omega Semiconductor has seen significant developments. The company 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.
Furthermore, Alpha & Omega Semiconductor recently switched its auditor to Deloitte, following the identification of a material weakness in internal control over financial reporting, which has since been remediated. In terms of analyst notes, Stifel adjusted its outlook on the company, reducing the price target to $27.00, while maintaining a Sell rating. Conversely, Benchmark lowered its price target to $40 but maintained a Buy rating, encouraging investors to increase their holdings.
These recent developments highlight the ongoing activity within Alpha & Omega Semiconductor, as the company navigates its financial performance, auditing changes, and varied analyst perspectives.
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