JPMorgan Chase & Co. Purchases 66,723 Shares of Alpha and Omega Semiconductor Limited $AOSL

Key Points

• JPMorgan Chase & Co. increased its stake in Alpha and Omega Semiconductor by 72.4%, buying 66,723 shares to hold 158,844 shares (about 0.53% of the company) valued at roughly $4.44 million.
• Insider activity included Director Mike F. Chang purchasing 33,727 shares at $19 (raising his holdings to 4,369,574 shares, ~$83.0M) while EVP Bing Xue sold 2,408 shares; insiders now own 16.70% of the company.
• Alpha and Omega reported quarterly EPS of ($0.16), missing estimates and showing revenue down 6.3% year-over-year, and faces mixed analyst views with a consensus rating of "Reduce" and an average price target of $23.67.

JPMorgan Chase & Co. boosted its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 72.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,844 shares of the semiconductor company's stock after purchasing an additional 66,723 shares during the period. JPMorgan Chase & Co. owned about 0.53% of Alpha and Omega Semiconductor worth $4,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Acuitas Investments LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 38.6% in the third quarter. Acuitas Investments LLC now owns 240,920 shares of the semiconductor company's stock worth $6,736,000 after buying an additional 67,100 shares during the last quarter. Oberweis Asset Management Inc. increased its holdings in Alpha and Omega Semiconductor by 11.0% during the third quarter. Oberweis Asset Management Inc. now owns 271,100 shares of the semiconductor company's stock valued at $7,580,000 after buying an additional 26,800 shares during the last quarter. Verition Fund Management LLC raised its position in Alpha and Omega Semiconductor by 31.5% in the third quarter. Verition Fund Management LLC now owns 81,513 shares of the semiconductor company's stock worth $2,279,000 after acquiring an additional 19,515 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter worth $62,000. Finally, Numerai GP LLC boosted its stake in shares of Alpha and Omega Semiconductor by 37.6% during the 3rd quarter. Numerai GP LLC now owns 89,695 shares of the semiconductor company's stock worth $2,508,000 after acquiring an additional 24,492 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company's stock.

Insider Activity

In other news, Director Mike F. Chang purchased 33,727 shares of the business's stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $19.00 per share, for a total transaction of $640,813.00. Following the acquisition, the director directly owned 4,369,574 shares of the company's stock, valued at $83,021,906. This represents a 0.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bing Xue sold 2,408 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $21.92, for a total value of $52,783.36. Following the completion of the sale, the executive vice president directly owned 113,631 shares in the company, valued at approximately $2,490,791.52. The trade was a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.70% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ:AOSL opened at $22.71 on Friday. The firm has a market cap of $675.85 million, a price-to-earnings ratio of -6.54 and a beta of 1.94. The firm has a fifty day moving average price of $21.70 and a 200 day moving average price of $23.17. Alpha and Omega Semiconductor Limited has a fifty-two week low of $15.90 and a fifty-two week high of $33.01.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The company had revenue of $162.26 million during the quarter, compared to the consensus estimate of $160.67 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business's revenue was down 6.3% on a year-over-year basis. As a group, research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AOSL shares. Zacks Research lowered Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a "hold" rating for the company in a report on Friday, February 6th. Finally, Wall Street Zen cut Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alpha and Omega Semiconductor has an average rating of "Reduce" and a consensus price target of $23.67.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited NASDAQ: AOSL is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.

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