Ameriprise Financial Inc. Trims Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Ameriprise Financial Inc. lowered its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 52.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,843 shares of the semiconductor company's stock after selling 57,793 shares during the quarter. Ameriprise Financial Inc. owned 0.18% of Alpha and Omega Semiconductor worth $1,957,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AOSL. Hood River Capital Management LLC purchased a new stake in Alpha and Omega Semiconductor in the 4th quarter worth $42,162,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Alpha and Omega Semiconductor in the fourth quarter valued at about $8,014,000. Boothbay Fund Management LLC bought a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $3,868,000. Renaissance Technologies LLC grew its position in shares of Alpha and Omega Semiconductor by 162.3% during the fourth quarter. Renaissance Technologies LLC now owns 132,200 shares of the semiconductor company's stock worth $4,895,000 after purchasing an additional 81,800 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Alpha and Omega Semiconductor by 12.4% in the 4th quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock worth $23,453,000 after purchasing an additional 70,100 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Benchmark reduced their target price on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a report on Friday, May 9th.

Alpha and Omega Semiconductor Stock Up 2.0%

NASDAQ AOSL traded up $0.47 on Wednesday, hitting $23.42. The stock had a trading volume of 326,960 shares, compared to its average volume of 521,249. The business's fifty day moving average price is $20.75 and its 200 day moving average price is $30.96. The stock has a market cap of $688.90 million, a price-to-earnings ratio of -29.28 and a beta of 2.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. Alpha and Omega Semiconductor Limited has a 52-week low of $15.90 and a 52-week high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. The firm had revenue of $164.60 million for the quarter, compared to the consensus estimate of $157.23 million. During the same period in the previous year, the business earned ($0.04) EPS. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Insider Transactions at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $23.73, for a total value of $43,781.85. Following the completion of the transaction, the executive vice president now owns 130,951 shares of the company's stock, valued at approximately $3,107,467.23. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 16.90% of the company's stock.

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.