Vanguard Group Inc. Sells 73,026 Shares of 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. lowered its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,338,606 shares of the semiconductor company's stock after selling 73,026 shares during the quarter. Vanguard Group Inc. owned 7.95% of Alpha and Omega Semiconductor worth $58,138,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AOSL. GAMMA Investing LLC lifted its position in shares of 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 worth $30,000 after acquiring an additional 594 shares during the period. Larson Financial Group LLC increased its stake in Alpha and Omega Semiconductor by 117.7% in the first 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 period. ProShare Advisors LLC bought a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at about $266,000. Pacific Point Advisors LLC bought a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at about $296,000. Finally, Tower Research Capital LLC TRC increased its stake in Alpha and Omega Semiconductor by 456.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,313 shares of the semiconductor company's stock valued at $345,000 after acquiring an additional 7,640 shares during the period. Institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL traded down $1.15 during trading on Friday, reaching $28.77. The stock had a trading volume of 230,128 shares, compared to its average volume of 232,311. Alpha and Omega Semiconductor Limited has a 52 week low of $15.90 and a 52 week high of $53.29. The business's 50-day moving average price is $27.09 and its 200 day moving average price is $25.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.58 and a quick ratio of 1.34. The stock has a market capitalization of $846.41 million, a PE ratio of -8.80 and a beta of 2.14.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $176.50 million during the quarter, compared to analysts' expectations of $170.03 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Alpha and Omega Semiconductor's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. B. Riley upped their target price 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. Benchmark lowered their price objective on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and upped their price objective for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $30.67.

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.