Peregrine Capital Management LLC Has $4.35 Million Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Peregrine Capital Management LLC cut its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,020 shares of the semiconductor company's stock after selling 9,579 shares during the period. Peregrine Capital Management LLC owned 0.60% of Alpha and Omega Semiconductor worth $4,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AOSL. Redwood Wealth Management Group LLC raised its position in shares of Alpha and Omega Semiconductor by 9.1% during the first quarter. Redwood Wealth Management Group LLC now owns 16,079 shares of the semiconductor company's stock worth $400,000 after acquiring an additional 1,342 shares during the last quarter. GAMMA Investing LLC increased its position 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 worth $30,000 after purchasing an additional 594 shares during the period. Wedge Capital Management L L P NC raised its holdings in Alpha and Omega Semiconductor by 60.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 70,951 shares of the semiconductor company's stock worth $1,764,000 after purchasing an additional 26,666 shares during the last quarter. Wellington Management Group LLP lifted its position in Alpha and Omega Semiconductor by 12.4% during the 4th quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock valued at $23,453,000 after purchasing an additional 70,100 shares during the period. Finally, Pacific Point Advisors LLC acquired a new position in Alpha and Omega Semiconductor during the 4th quarter valued at about $296,000. 78.97% of the stock is owned by institutional investors.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the sale, the executive vice president owned 130,951 shares of the company's stock, valued at $3,107,467.23. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.90% of the company's stock.

Alpha and Omega Semiconductor Trading Up 0.3%

Shares of NASDAQ:AOSL traded up $0.10 during mid-day trading on Thursday, reaching $27.81. The stock had a trading volume of 104,447 shares, compared to its average volume of 514,909. The firm has a 50 day simple moving average of $22.71 and a two-hundred day simple moving average of $28.56. Alpha and Omega Semiconductor Limited has a twelve month low of $15.90 and a twelve month high of $53.29. The firm has a market cap of $818.02 million, a PE ratio of -35.65 and a beta of 2.11. The company has a current ratio of 2.57, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.06. The firm had revenue of $164.60 million during the quarter, compared to the consensus estimate of $157.23 million. Alpha and Omega Semiconductor had a negative net margin of 3.33% and a negative return on equity of 0.28%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. On average, research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AOSL shares. Stifel Nicolaus dropped their price target on shares of 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. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Finally, Benchmark cut their price target 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.

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.