American Century Companies Inc. Sells 55,884 Shares of Alpha and Omega Semiconductor Limited $AOSL

American Century Companies Inc. decreased its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 51.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,602 shares of the semiconductor company's stock after selling 55,884 shares during the quarter. American Century Companies Inc. owned about 0.18% of Alpha and Omega Semiconductor worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Boston Partners grew its position in shares of Alpha and Omega Semiconductor by 2,738.7% during the 1st quarter. Boston Partners now owns 595,137 shares of the semiconductor company's stock worth $14,782,000 after buying an additional 574,172 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Alpha and Omega Semiconductor by 161.4% in the 1st quarter. Russell Investments Group Ltd. now owns 174,593 shares of the semiconductor company's stock worth $4,340,000 after purchasing an additional 107,790 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Alpha and Omega Semiconductor by 28.6% in the 1st quarter. Public Sector Pension Investment Board now owns 76,446 shares of the semiconductor company's stock worth $1,900,000 after purchasing an additional 16,982 shares in the last quarter. Nuveen LLC bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth $1,583,000. Finally, Invesco Ltd. lifted its holdings in shares of Alpha and Omega Semiconductor by 409.1% in the 1st quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company's stock worth $18,881,000 after purchasing an additional 610,336 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Price Performance

NASDAQ:AOSL remained flat at $27.95 during trading hours on Friday. The company's stock had a trading volume of 303,859 shares, compared to its average volume of 198,849. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. The business's 50 day simple moving average is $27.37 and its 200-day simple moving average is $24.96. Alpha and Omega Semiconductor Limited has a fifty-two week low of $15.90 and a fifty-two week high of $53.29. The firm has a market cap of $838.78 million, a P/E ratio of -8.55 and a beta of 2.11.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.The business had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. During the same period last year, the business earned $0.09 EPS. The business's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Analyst Ratings Changes

AOSL has been the topic of a number of recent research reports. Benchmark cut their target price on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. B. Riley increased their target price on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their target price for the stock from $18.00 to $25.00 in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Alpha and Omega Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

Alpha and Omega Semiconductor 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.