Royce & Associates LP Has $9.39 Million Holdings in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Royce & Associates LP increased its stake in Alpha and Omega Semiconductor by 10.9% in the fourth quarter, bringing its holdings to 474,015 shares worth about $9.39 million.
• Several other institutional investors also boosted or initiated positions, and institutional ownership stands at 78.97% of the company’s stock.
• Alpha and Omega Semiconductor reported quarterly EPS of ($0.28), beating estimates, while analysts currently have a Hold consensus rating with an average price target of $30.50.

Royce & Associates LP grew its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 474,015 shares of the semiconductor company's stock after purchasing an additional 46,662 shares during the period. Royce & Associates LP owned about 1.59% of Alpha and Omega Semiconductor worth $9,390,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Weber Capital Management LLC ADV acquired a new position in Alpha and Omega Semiconductor in the 4th quarter worth about $10,842,000. UBS Group AG increased its position in Alpha and Omega Semiconductor by 224.7% in the 4th quarter. UBS Group AG now owns 217,121 shares of the semiconductor company's stock worth $4,301,000 after purchasing an additional 150,254 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Alpha and Omega Semiconductor by 79.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,926 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 3,519 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Alpha and Omega Semiconductor in the 4th quarter worth about $563,000. Finally, JPMorgan Chase & Co. increased its position in Alpha and Omega Semiconductor by 72.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,844 shares of the semiconductor company's stock worth $4,441,000 after purchasing an additional 66,723 shares during the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AOSL has been the topic of several research reports. Needham & Company LLC initiated coverage on Alpha and Omega Semiconductor in a research report on Friday, May 1st. They issued a "buy" rating and a $50.00 target price on the stock. Wall Street Zen raised Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reissued a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Zacks Research raised Alpha and Omega Semiconductor from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Finally, B. Riley Financial increased their price objective on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, April 13th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $30.50.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ AOSL opened at $49.34 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -13.86 and a beta of 2.58. The business's 50-day simple moving average is $33.71 and its 200-day simple moving average is $25.49. Alpha and Omega Semiconductor Limited has a 52 week low of $17.01 and a 52 week high of $51.35.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating analysts' consensus estimates of ($0.34) by $0.06. The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) EPS. As a group, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, CEO Stephen Chunping Chang sold 14,884 shares of the firm's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the sale, the chief executive officer owned 635,901 shares of the company's stock, valued at $21,919,507.47. This trade represents a 2.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 26,517 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $30.57, for a total value of $810,624.69. Following the completion of the sale, the chief financial officer directly owned 278,628 shares in the company, valued at $8,517,657.96. This trade represents a 8.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 59,860 shares of company stock worth $1,913,960. Insiders own 16.70% of the company's stock.

About Alpha and Omega Semiconductor

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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