Russell Investments Group Ltd. Acquires 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. lifted its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 161.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,593 shares of the semiconductor company's stock after buying an additional 107,790 shares during the period. Russell Investments Group Ltd. owned approximately 0.59% of Alpha and Omega Semiconductor worth $4,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AOSL. LPL Financial LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $352,000. Wells Fargo & Company MN boosted its stake in shares of Alpha and Omega Semiconductor by 128.2% in the 4th quarter. Wells Fargo & Company MN now owns 27,921 shares of the semiconductor company's stock worth $1,034,000 after buying an additional 15,688 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $922,000. Sterling Capital Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 820.7% in 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 last quarter. Finally, Barclays PLC boosted its stake in shares of Alpha and Omega Semiconductor by 73.9% in the 4th quarter. Barclays PLC now owns 70,179 shares of the semiconductor company's stock worth $2,599,000 after buying an additional 29,820 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

AOSL stock traded up $0.31 during midday trading on Thursday, reaching $29.92. 216,375 shares of the company's stock traded hands, compared to its average volume of 238,343. The company has a 50-day moving average price of $27.00 and a two-hundred day moving average price of $25.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.58. Alpha and Omega Semiconductor Limited has a 52 week low of $15.90 and a 52 week high of $53.29. The firm has a market capitalization of $880.25 million, a PE ratio of -9.15 and a beta of 2.14.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

AOSL has been the topic of several research analyst reports. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and upped their price objective for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Benchmark dropped their price objective on 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. Finally, B. Riley upped their price objective on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Alpha and Omega Semiconductor presently has a consensus rating of "Moderate Buy" and an average price target of $30.67.

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.