Vanguard Group Inc. Trims Stock Holdings in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Vanguard Group Inc. reduced its stake in Alpha and Omega Semiconductor Limited by 3.0%, now holding approximately 2,338,606 shares valued at around $58.1 million.
• Other investors such as Victory Capital Management Inc. and Principal Financial Group Inc. increased their positions in the company, indicating strong institutional interest in Alpha and Omega Semiconductor.
• Alpha and Omega Semiconductor reported $0.02 EPS for the last quarter, surpassing analysts' expectations and showing a 9.4% increase in revenue year-over-year.

Vanguard Group Inc. cut its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,338,606 shares of the semiconductor company's stock after selling 73,026 shares during the period. Vanguard Group Inc. owned approximately 7.95% of Alpha and Omega Semiconductor worth $58,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Alpha and Omega Semiconductor by 94.7% in the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 594 shares during the last quarter. Larson Financial Group LLC raised its holdings in Alpha and Omega Semiconductor by 117.7% in the 1st quarter. Larson Financial Group LLC now owns 2,221 shares of the semiconductor company's stock valued at $55,000 after acquiring an additional 1,201 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Alpha and Omega Semiconductor in the 4th quarter valued at about $266,000. Pacific Point Advisors LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter valued at approximately $296,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Alpha and Omega Semiconductor by 456.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,313 shares of the semiconductor company's stock valued at $345,000 after buying an additional 7,640 shares during the period. 78.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AOSL. Benchmark dropped their price target 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, May 9th. B. Riley increased their price target on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Stifel Nicolaus raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and raised their price objective for the stock from $18.00 to $25.00 in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Alpha and Omega Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL stock traded up $0.46 during mid-day trading on Wednesday, reaching $29.61. The stock had a trading volume of 172,871 shares, compared to its average volume of 456,961. Alpha and Omega Semiconductor Limited has a 12-month low of $15.90 and a 12-month high of $53.29. The company has a market cap of $870.98 million, a P/E ratio of -9.06 and a beta of 2.14. The business has a 50-day simple moving average of $26.78 and a 200 day simple moving average of $25.26. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.02.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results 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 net margin of 13.93% and a negative return on equity of 0.83%. The firm had revenue of $176.50 million during the quarter, compared to the consensus estimate of $170.03 million. During the same quarter in the previous year, the company posted $0.09 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

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.