Alpha and Omega Semiconductor Limited $AOSL Position Boosted by Invesco Ltd.

Key Points

• Invesco Ltd. has significantly increased its investment in Alpha and Omega Semiconductor Limited, lifting its stake by 409.1% during the first quarter, now holding 759,509 shares valued at approximately $18.9 million.
• Several large institutional investors have recently raised their stakes in Alpha and Omega, with 78.97% of the company's stock now owned by institutional investors and hedge funds.
• Analysts have mixed sentiments on Alpha and Omega, with ratings ranging from "buy" to "hold", and a consensus price target set at $30.67.

Invesco Ltd. raised its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 409.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 759,509 shares of the semiconductor company's stock after buying an additional 610,336 shares during the quarter. Invesco Ltd. owned approximately 2.58% of Alpha and Omega Semiconductor worth $18,881,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Alpha and Omega Semiconductor by 820.7% in the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock valued at $28,000 after buying an additional 673 shares during the last quarter. GAMMA Investing LLC lifted its stake in Alpha and Omega Semiconductor by 94.7% in the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after buying an additional 594 shares during the last quarter. Larson Financial Group LLC lifted 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 buying an additional 1,201 shares during the last quarter. ProShare Advisors LLC bought a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at $266,000. Finally, Pacific Point Advisors LLC bought a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at $296,000. 78.97% of the stock is currently owned by institutional investors.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL traded up $0.46 during trading hours on Wednesday, hitting $29.61. 172,871 shares of the company's stock traded hands, compared to its average volume of 238,507. Alpha and Omega Semiconductor Limited has a 52 week low of $15.90 and a 52 week high of $53.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.58. The company's fifty day simple moving average is $26.89 and its two-hundred day simple moving average is $25.29. The company has a market cap of $871.13 million, a price-to-earnings ratio of -9.06 and a beta of 2.14.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted 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 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 analyst estimates of $170.03 million. During the same quarter last year, the firm posted $0.09 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Benchmark cut their price objective on shares of 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 shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and lifted their price objective for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. Finally, B. Riley lifted their price objective 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Alpha and Omega Semiconductor has a consensus rating of "Moderate Buy" and an average price target of $30.67.

About Alpha and Omega Semiconductor

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.