Driehaus Capital Management LLC Takes Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Driehaus Capital Management LLC acquired a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 313,591 shares of the semiconductor company's stock, valued at approximately $11,612,000. Driehaus Capital Management LLC owned about 1.08% of Alpha and Omega Semiconductor as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in Alpha and Omega Semiconductor by 367.4% during the third quarter. Barclays PLC now owns 40,359 shares of the semiconductor company's stock worth $1,498,000 after buying an additional 31,725 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Alpha and Omega Semiconductor by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock valued at $510,000 after acquiring an additional 1,096 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alpha and Omega Semiconductor by 42.5% in the third quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company's stock valued at $1,359,000 after acquiring an additional 10,921 shares during the period. Redwood Wealth Management Group LLC acquired a new position in Alpha and Omega Semiconductor in the fourth quarter worth about $548,000. Finally, Stratos Wealth Partners LTD. bought a new position in Alpha and Omega Semiconductor during the fourth quarter worth about $666,000. Institutional investors own 78.97% of the company's stock.

Insider Transactions at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 directly owns 130,951 shares of the company's stock, valued at approximately $3,107,467.23. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Alpha and Omega Semiconductor Price Performance

NASDAQ AOSL traded up $0.96 on Tuesday, hitting $24.79. 379,980 shares of the company were exchanged, compared to its average volume of 507,475. Alpha and Omega Semiconductor Limited has a 1-year low of $15.90 and a 1-year high of $53.29. The firm has a 50 day moving average of $22.22 and a two-hundred day moving average of $31.88. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $729.20 million, a P/E ratio of -30.99 and a beta of 2.02.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) 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 analysts' expectations 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 was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AOSL. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday. Benchmark lowered their target price on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a report on Friday. Finally, Stifel Nicolaus reduced 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 research report on Thursday, April 17th.

Alpha and Omega Semiconductor Company Profile

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.