Nuveen LLC Buys Shares of 63,688 Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Nuveen LLC has acquired a new stake in Alpha and Omega Semiconductor Limited, purchasing 63,688 shares valued at approximately $1,583,000.
• Several institutional investors have significantly increased their stakes in Alpha and Omega Semiconductor, with Invesco Ltd. boosting its stake by 409.1% during the first quarter.
• Analysts have raised their price targets and ratings for Alpha and Omega Semiconductor, with current consensus pointing to a Moderate Buy rating and a target price of $30.67.

Nuveen LLC bought a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,688 shares of the semiconductor company's stock, valued at approximately $1,583,000. Nuveen LLC owned 0.22% of Alpha and Omega Semiconductor as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AOSL. Invesco Ltd. boosted its holdings in Alpha and Omega Semiconductor by 409.1% in the first quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company's stock worth $18,881,000 after acquiring an additional 610,336 shares in the last quarter. Gagnon Securities LLC lifted its stake in Alpha and Omega Semiconductor by 0.3% during the 1st quarter. Gagnon Securities LLC now owns 214,761 shares of the semiconductor company's stock valued at $5,339,000 after acquiring an additional 656 shares in the last quarter. Deutsche Bank AG boosted its holdings in Alpha and Omega Semiconductor by 125.5% during the first quarter. Deutsche Bank AG now owns 47,342 shares of the semiconductor company's stock worth $1,177,000 after purchasing an additional 26,349 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Alpha and Omega Semiconductor by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 241,749 shares of the semiconductor company's stock valued at $6,010,000 after buying an additional 16,940 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Alpha and Omega Semiconductor by 175.5% during the 1st quarter. Victory Capital Management Inc. now owns 50,246 shares of the semiconductor company's stock worth $1,249,000 after buying an additional 32,009 shares in the last quarter. Institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Price Performance

AOSL traded down $0.57 on Wednesday, reaching $27.69. The company had a trading volume of 99,954 shares, compared to its average volume of 450,421. Alpha and Omega Semiconductor Limited has a 52-week low of $15.90 and a 52-week high of $53.29. The company has a market cap of $830.98 million, a price-to-earnings ratio of -8.45 and a beta of 2.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. The business has a 50 day simple moving average of $27.24 and a 200 day simple moving average of $25.04.

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 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $170.03 million. Alpha and Omega Semiconductor had a negative net margin of 13.93% and a negative return on equity of 0.83%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on AOSL. Benchmark decreased their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and boosted their price target for the company from $18.00 to $25.00 in a research report on Tuesday, July 15th. Finally, B. Riley raised their price objective on shares of 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 stock. According to data from MarketBeat, Alpha and Omega Semiconductor presently has an average rating of "Moderate Buy" and a consensus price target of $30.67.

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.