Russell Investments Group Ltd. Purchases 107,790 Shares of Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Russell Investments Group Ltd. has increased its stake in Alpha and Omega Semiconductor by 161.4%, now owning 174,593 shares valued at approximately $4.34 million.
• Several institutional investors, including Invesco Ltd. and Deutsche Bank AG, have significantly increased their holdings in Alpha and Omega Semiconductor during the first quarter.
• Alpha and Omega Semiconductor reported a quarterly revenue of $176.5 million, surpassing analysts' expectations, despite a negative net margin of 13.93%.

Russell Investments Group Ltd. boosted its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 161.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 174,593 shares of the semiconductor company's stock after acquiring an additional 107,790 shares during the period. Russell Investments Group Ltd. owned 0.59% of Alpha and Omega Semiconductor worth $4,340,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in AOSL. GAMMA Investing LLC boosted its position in shares of Alpha and Omega Semiconductor by 94.7% in the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 594 shares during the last quarter. Gagnon Securities LLC boosted its holdings in Alpha and Omega Semiconductor by 0.3% during the first quarter. Gagnon Securities LLC now owns 214,761 shares of the semiconductor company's stock worth $5,339,000 after buying an additional 656 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Alpha and Omega Semiconductor by 820.7% during the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock worth $28,000 after buying an additional 673 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alpha and Omega Semiconductor by 6.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,543 shares of the semiconductor company's stock worth $501,000 after buying an additional 818 shares during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 8.2% in the 4th quarter. MetLife Investment Management LLC now owns 14,605 shares of the semiconductor company's stock valued at $541,000 after acquiring an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Up 1.2%

Shares of AOSL stock traded up $0.35 during trading on Wednesday, reaching $29.50. The company's stock had a trading volume of 90,685 shares, compared to its average volume of 456,436. Alpha and Omega Semiconductor Limited has a one year low of $15.90 and a one year high of $53.29. The business has a fifty day moving average price of $26.78 and a 200-day moving average price of $25.26. The company has a market cap of $867.60 million, a price-to-earnings ratio of -9.03 and a beta of 2.14. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.02.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative net margin of 13.93% and a negative return on equity of 0.83%. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $170.03 million. During the same period in the previous year, the business earned $0.09 EPS. The company's revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AOSL shares. Benchmark reduced their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and lifted their price target for the stock from $18.00 to $25.00 in a research report 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. Finally, B. Riley lifted their target price on 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.67.

About Alpha and Omega Semiconductor

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.