Public Sector Pension Investment Board Has $1.90 Million Position in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• The Public Sector Pension Investment Board increased its stake in Alpha and Omega Semiconductor by 28.6%, acquiring 16,982 shares during the first quarter, bringing its total holdings to approximately 76,446 shares valued at $1.9 million.
• Several other institutional investors also expanded their stakes in AOSL, with Sterling Capital Management increasing its investment by 820.7% in the fourth quarter.
• Analysts have shown optimism for Alpha and Omega Semiconductor, with B. Riley raising the target price from $30.00 to $35.00 and upgrading its rating to "buy".

Public Sector Pension Investment Board increased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 28.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,446 shares of the semiconductor company's stock after acquiring an additional 16,982 shares during the period. Public Sector Pension Investment Board owned approximately 0.26% of Alpha and Omega Semiconductor worth $1,900,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Alpha and Omega Semiconductor by 94.7% during the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after buying an additional 594 shares during the period. Principal Financial Group Inc. increased its stake in Alpha and Omega Semiconductor by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,105 shares of the semiconductor company's stock valued at $2,986,000 after buying an additional 4,660 shares during the period. Millennium Management LLC increased its stake in Alpha and Omega Semiconductor by 2,741.6% during the 4th quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after buying an additional 247,678 shares during the period. Northern Trust Corp increased its stake in Alpha and Omega Semiconductor by 9.3% during the 4th quarter. Northern Trust Corp now owns 261,446 shares of the semiconductor company's stock valued at $9,681,000 after buying an additional 22,294 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Alpha and Omega Semiconductor by 20.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 67,547 shares of the semiconductor company's stock valued at $2,501,000 after buying an additional 11,398 shares during the period. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Up 3.8%

AOSL traded up $1.06 during midday trading on Tuesday, hitting $29.15. 197,908 shares of the company's stock traded hands, compared to its average volume of 235,908. The company has a market cap of $857.59 million, a PE ratio of -8.91 and a beta of 2.14. The stock's fifty day simple moving average is $26.78 and its 200-day simple moving average is $25.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.58 and a quick ratio of 1.34. Alpha and Omega Semiconductor Limited has a one year low of $15.90 and a one year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AOSL has been the topic of several research analyst reports. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and raised their target price for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Benchmark reduced 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 research report on Friday, May 9th. Finally, B. Riley raised their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company 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 assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.