Kingstone Capital Partners Texas LLC Takes $682,000 Position in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Kingstone Capital Partners Texas LLC purchased a new position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL), acquiring 24,960 shares valued at approximately $682,000.
• AOSL has been recently upgraded by analysts, with Stifel Nicolaus raising its target price from $18.00 to $25.00 and B. Riley increasing their price objective from $30.00 to $35.00.
• Alpha and Omega Semiconductor reported a quarterly revenue of $176.50 million, exceeding consensus estimates, while also posting an EPS of $0.02, surpassing the expected loss of $0.01.

Kingstone Capital Partners Texas LLC purchased a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,960 shares of the semiconductor company's stock, valued at approximately $682,000. Kingstone Capital Partners Texas LLC owned approximately 0.08% of Alpha and Omega Semiconductor as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AOSL. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their target price for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. B. Riley upped their target price on shares of 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.67.

Alpha and Omega Semiconductor Trading Up 7.2%

Shares of AOSL traded up $2.07 during trading hours on Monday, reaching $30.69. 277,455 shares of the company traded hands, compared to its average volume of 221,955. The company's fifty day moving average price is $27.72 and its two-hundred day moving average price is $24.72. The company has a market capitalization of $921.01 million, a price-to-earnings ratio of -9.39 and a beta of 2.11. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $53.29. The company has a quick ratio of 1.34, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

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 for the quarter, topping the consensus estimate 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 business had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. During the same quarter last year, the company posted $0.09 EPS. The company's revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share 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.