Royce & Associates LP Reduces Stock Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Key Points

• Royce & Associates LP reduced its stock holdings in Alpha and Omega Semiconductor by 6.1%, owning 345,314 shares valued at approximately $8.58 million.
• Vanguard Group Inc. and other hedge funds increased their stakes in Alpha and Omega Semiconductor, indicating a growing interest in the company, with Vanguard owning over 2.4 million shares.
• Alpha and Omega Semiconductor reported a revenue increase of 9.7% year-over-year, with analysts forecasting a projected EPS of -0.82 for the current fiscal year.

Royce & Associates LP lowered its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 345,314 shares of the semiconductor company's stock after selling 22,280 shares during the quarter. Royce & Associates LP owned about 1.17% of Alpha and Omega Semiconductor worth $8,585,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock valued at $89,303,000 after purchasing an additional 14,070 shares during the period. Hood River Capital Management LLC acquired a new position in Alpha and Omega Semiconductor in the fourth quarter valued at about $42,162,000. Robeco Schweiz AG acquired a new position in Alpha and Omega Semiconductor in the first quarter valued at about $19,434,000. Wellington Management Group LLP lifted its position in Alpha and Omega Semiconductor by 12.4% in the fourth quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock valued at $23,453,000 after buying an additional 70,100 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Alpha and Omega Semiconductor by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 580,556 shares of the semiconductor company's stock valued at $21,503,000 after buying an additional 1,851 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company's stock.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $23.73, for a total value of $43,781.85. Following the completion of the sale, the executive vice president owned 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 Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and upped their target price for the company from $18.00 to $25.00 in a research report on Tuesday, July 15th. B. Riley upped their target price 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. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Finally, Benchmark reduced 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 research report on Friday, May 9th.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $27.29 on Friday. The firm has a market capitalization of $802.87 million, a P/E ratio of -34.99 and a beta of 2.11. 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 quick ratio of 1.36, a current ratio of 2.57 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $24.99 and its two-hundred day moving average is $27.22.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.33% and a negative return on equity of 0.28%. The business had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same period last year, the firm posted ($0.04) earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Alpha and Omega Semiconductor Company 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.

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