Northern Trust Corp Has $9.68 Million Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Northern Trust Corp boosted its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,446 shares of the semiconductor company's stock after purchasing an additional 22,294 shares during the quarter. Northern Trust Corp owned approximately 0.90% of Alpha and Omega Semiconductor worth $9,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of Alpha and Omega Semiconductor by 276.8% during the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 548 shares during the period. Sterling Capital Management LLC raised its position in shares of Alpha and Omega Semiconductor by 820.7% in the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock worth $28,000 after buying an additional 673 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Alpha and Omega Semiconductor by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 291 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Alpha and Omega Semiconductor in the fourth quarter valued at $39,000. Finally, Larson Financial Group LLC purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at about $38,000. 78.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the sale, the executive vice president now directly owns 130,951 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on AOSL shares. Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, April 17th. Benchmark reduced their target price on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL traded down $1.26 during mid-day trading on Wednesday, reaching $21.25. 255,422 shares of the company's stock traded hands, compared to its average volume of 509,294. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $53.29. The business's 50-day moving average price is $21.89 and its 200-day moving average price is $31.43. The stock has a market capitalization of $625.07 million, a P/E ratio of -26.56 and a beta of 2.02.

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

Alpha and Omega Semiconductor 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.