Clearline Capital LP Acquires Shares of 372,780 Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Clearline Capital LP acquired 372,780 shares of Alpha and Omega Semiconductor, valued at approximately $9.27 million, representing about 1.27% of the company.
• Alpha and Omega Semiconductor recently reported a quarterly earnings of $0.02 per share, above the consensus estimate, with revenue of $176.5 million, marking a 9.4% increase year-over-year.
• Wall Street analysts have upgraded their ratings on Alpha and Omega Semiconductor, with an average target price of $30.67 and a general consensus of "Moderate Buy."

Clearline Capital LP acquired a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 372,780 shares of the semiconductor company's stock, valued at approximately $9,267,000. Clearline Capital LP owned about 1.27% of Alpha and Omega Semiconductor at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in Alpha and Omega Semiconductor by 5.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,252,531 shares of the semiconductor company's stock valued at $31,138,000 after purchasing an additional 63,286 shares during the last quarter. Wellington Management Group LLP boosted its position in Alpha and Omega Semiconductor by 43.4% during the first quarter. Wellington Management Group LLP now owns 908,043 shares of the semiconductor company's stock valued at $22,574,000 after purchasing an additional 274,698 shares during the last quarter. Robeco Schweiz AG acquired a new stake in Alpha and Omega Semiconductor during the first quarter valued at $19,434,000. Invesco Ltd. boosted its position in Alpha and Omega Semiconductor by 409.1% during the first quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company's stock valued at $18,881,000 after purchasing an additional 610,336 shares during the last quarter. Finally, Boston Partners boosted its position in Alpha and Omega Semiconductor by 2,738.7% during the first quarter. Boston Partners now owns 595,137 shares of the semiconductor company's stock valued at $14,782,000 after purchasing an additional 574,172 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock traded down $0.73 during trading on Friday, reaching $28.43. The company's stock had a trading volume of 144,961 shares, compared to its average volume of 197,863. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. The business's fifty day moving average price is $27.51 and its 200-day moving average price is $24.77. The firm has a market cap of $853.18 million, a price-to-earnings ratio of -8.69 and a beta of 2.11. Alpha and Omega Semiconductor Limited has a one year low of $15.90 and a one year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $170.03 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AOSL. B. Riley boosted their price target on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and boosted their price target 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 given a Hold rating to the stock. According to MarketBeat, Alpha and Omega Semiconductor currently 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.