Goldman Sachs Group Inc. Sells 36,920 Shares of Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Alpha and Omega Semiconductor by 23.5%, now holding approximately $2.99 million worth of stock amounting to 120,352 shares.
• Voya Investment Management significantly increased its investment in Alpha and Omega Semiconductor by 760.5% during the same quarter, now owning 62,448 shares valued at around $1.55 million.
• Alpha and Omega Semiconductor reported a quarterly revenue increase of 9.4%, totaling $176.50 million, surpassing analysts' expectations and marking financial growth year over year.

Goldman Sachs Group Inc. decreased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 23.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,352 shares of the semiconductor company's stock after selling 36,920 shares during the quarter. Goldman Sachs Group Inc. owned 0.41% of Alpha and Omega Semiconductor worth $2,992,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Voya Investment Management LLC grew its holdings in shares of Alpha and Omega Semiconductor by 760.5% in the 1st quarter. Voya Investment Management LLC now owns 62,448 shares of the semiconductor company's stock valued at $1,552,000 after acquiring an additional 55,191 shares in the last quarter. Strs Ohio bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $70,000. Geneos Wealth Management Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 12.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 16,362 shares of the semiconductor company's stock valued at $407,000 after acquiring an additional 1,799 shares in the last quarter. Clearline Capital LP bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $9,267,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Alpha and Omega Semiconductor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company's stock valued at $352,000 after acquiring an additional 624 shares in the last quarter. Institutional investors own 78.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and lifted their price target for the stock from $18.00 to $25.00 in a report on Tuesday, July 15th. B. Riley lifted their price target on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Alpha and Omega Semiconductor currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ AOSL traded down $0.85 during midday trading on Friday, reaching $28.62. The company's stock had a trading volume of 453,515 shares, compared to its average volume of 210,066. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. Alpha and Omega Semiconductor Limited has a fifty-two week low of $15.90 and a fifty-two week high of $53.29. The business's 50 day moving average price is $27.64 and its two-hundred day moving average price is $24.72. The company has a market cap of $859.00 million, a P/E ratio of -8.75 and a beta of 2.11.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share 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 the consensus estimate of $170.03 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm's quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

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.