Algert Global LLC Sells 53,601 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Algert Global LLC decreased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 59.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,319 shares of the semiconductor company's stock after selling 53,601 shares during the period. Algert Global LLC owned approximately 0.13% of Alpha and Omega Semiconductor worth $1,345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock worth $89,303,000 after buying an additional 14,070 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth about $42,162,000. Wellington Management Group LLP boosted its stake in shares of Alpha and Omega Semiconductor by 12.4% during the 4th quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock worth $23,453,000 after buying an additional 70,100 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 580,556 shares of the semiconductor company's stock worth $21,503,000 after buying an additional 1,851 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Alpha and Omega Semiconductor by 9.3% in the 4th quarter. Northern Trust Corp now owns 261,446 shares of the semiconductor company's stock valued at $9,681,000 after purchasing an additional 22,294 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Trading Up 4.0%

Shares of NASDAQ:AOSL traded up $0.96 during mid-day trading on Tuesday, reaching $24.79. 379,980 shares of the company's stock were exchanged, compared to its average volume of 507,475. The firm has a market capitalization of $729.20 million, a price-to-earnings ratio of -30.99 and a beta of 2.02. The business's fifty day moving average price is $22.22 and its 200-day moving average price is $31.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72. Alpha and Omega Semiconductor Limited has a twelve month low of $15.90 and a twelve month high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The business had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. Alpha and Omega Semiconductor's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $23.73, for a total transaction of $43,781.85. Following the completion of the sale, the executive vice president now owns 130,951 shares in the company, valued at $3,107,467.23. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AOSL. Benchmark cut their target price on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research note on Friday. Stifel Nicolaus lowered their price target on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Finally, StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.