Northern Trust Corp Boosts Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Northern Trust Corp grew its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,446 shares of the semiconductor company's stock after purchasing an additional 22,294 shares during the quarter. Northern Trust Corp owned about 0.90% of Alpha and Omega Semiconductor worth $9,681,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AOSL shares. Stifel Nicolaus lowered their price target on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Benchmark lowered their price target on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $23.73, for a total transaction of $43,781.85. Following the transaction, the executive vice president now directly owns 130,951 shares of the company's stock, valued at approximately $3,107,467.23. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.90% of the stock is currently owned by insiders.

Alpha and Omega Semiconductor Price Performance

AOSL traded down $0.38 on Friday, reaching $20.73. The company had a trading volume of 633,499 shares, compared to its average volume of 512,947. The business has a 50 day simple moving average of $21.53 and a 200 day simple moving average of $31.23. The company has a market cap of $609.77 million, a price-to-earnings ratio of -25.91 and a beta of 2.02. 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 52-week low of $15.90 and a 52-week high of $53.29.

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