Ethic Inc. acquired a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,183 shares of the semiconductor company's stock, valued at approximately $525,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in AOSL. Franklin Resources Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock valued at $510,000 after buying an additional 1,096 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Alpha and Omega Semiconductor by 42.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company's stock valued at $1,359,000 after buying an additional 10,921 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $548,000. Stratos Wealth Partners LTD. bought a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $666,000. Finally, Empowered Funds LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 5.0% in the 4th quarter. Empowered Funds LLC now owns 42,303 shares of the semiconductor company's stock valued at $1,566,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 78.97% of the company's stock.
Insiders Place Their Bets
In other news, EVP Bing Xue sold 1,845 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total value of $43,781.85. Following the transaction, the executive vice president now owns 130,951 shares in the company, valued at approximately $3,107,467.23. This represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.90% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have commented on AOSL shares. Benchmark decreased their price target on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, May 9th. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, April 17th.
Read Our Latest Stock Report on AOSL
Alpha and Omega Semiconductor Price Performance
Shares of NASDAQ:AOSL traded down $0.53 during trading on Monday, reaching $22.61. The stock had a trading volume of 280,304 shares, compared to its average volume of 510,014. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72. The business has a fifty day moving average price of $22.02 and a 200-day moving average price of $31.57. The stock has a market cap of $665.07 million, a PE ratio of -28.26 and a beta of 2.02. Alpha and Omega Semiconductor Limited has a 1-year low of $15.90 and a 1-year high of $53.29.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. The company had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.
About Alpha and Omega Semiconductor
(
Free Report)
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.
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