Peregrine Capital Management LLC Reduces Holdings in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Peregrine Capital reduced its stake in Alpha and Omega Semiconductor by 20.1%, selling 44,652 shares and holding 177,422 shares worth about $3.52 million at quarter-end.
• Company insiders sold a total of 59,860 shares in the past three months — including CEO Stephen Chang's sale of 14,884 shares at an average $34.47 — leaving insiders with 16.7% ownership.
• Analysts are mixed but the consensus is a Hold with a $24 price target; the company recently missed EPS (-$0.16 vs. -$0.08) while revenue fell 6.3% year-over-year.

Peregrine Capital Management LLC lowered its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,422 shares of the semiconductor company's stock after selling 44,652 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.59% of Alpha and Omega Semiconductor worth $3,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AOSL. Hantz Financial Services Inc. grew its position in shares of Alpha and Omega Semiconductor by 634.8% during the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company's stock worth $29,000 after buying an additional 895 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $62,000. CWM LLC grew its position in shares of Alpha and Omega Semiconductor by 20.0% during the third quarter. CWM LLC now owns 2,314 shares of the semiconductor company's stock worth $65,000 after buying an additional 386 shares in the last quarter. Strs Ohio acquired a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth approximately $70,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $91,000. Institutional investors and hedge funds own 78.97% of the company's stock.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the transaction, the chief executive officer owned 635,901 shares of the company's stock, valued at $21,919,507.47. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 2,408 shares of the business's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $21.92, for a total transaction of $52,783.36. Following the transaction, the executive vice president directly owned 113,631 shares of the company's stock, valued at approximately $2,490,791.52. This trade represents a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 59,860 shares of company stock worth $1,913,960. Company insiders own 16.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. B. Riley Financial raised their price target on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, April 13th. Zacks Research raised shares of Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "strong sell" rating in a research report on Saturday, February 7th. Stifel Nicolaus decreased their price target on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research report on Monday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $24.00.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock opened at $44.45 on Friday. The company has a market cap of $1.32 billion, a PE ratio of -12.81 and a beta of 1.94. The company has a fifty day moving average price of $24.77 and a two-hundred day moving average price of $23.48. Alpha and Omega Semiconductor Limited has a 12 month low of $17.01 and a 12 month high of $45.97.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.08). The business had revenue of $162.26 million during the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.65 earnings per share for the current year.

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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