Alpha and Omega Semiconductor Limited $AOSL Stake Boosted by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its stake in Alpha and Omega Semiconductor by 5.3%, acquiring 63,286 additional shares for a total of 1,252,531 shares worth approximately $31.14 million.
• Alpha and Omega Semiconductor reported a net revenue of $176.50 million for the latest quarter, exceeding analyst estimates, although it posted a negative return on equity of -0.83% and a net margin of -13.93%.
• Wall Street analysts have upgraded the stock's rating from "sell" to "hold," with a consensus price target of $30.67, indicating expectations for future growth.

The Manufacturers Life Insurance Company lifted its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,252,531 shares of the semiconductor company's stock after acquiring an additional 63,286 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.26% of Alpha and Omega Semiconductor worth $31,138,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AOSL. GAMMA Investing LLC boosted its stake in shares of 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 last quarter. Principal Financial Group Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 4.0% during the first quarter. Principal Financial Group Inc. now owns 120,105 shares of the semiconductor company's stock valued at $2,986,000 after acquiring an additional 4,660 shares during the period. Millennium Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 2,741.6% during the fourth 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 last quarter. Northern Trust Corp raised its stake in shares of Alpha and Omega Semiconductor by 9.3% during the fourth quarter. Northern Trust Corp now owns 261,446 shares of the semiconductor company's stock valued at $9,681,000 after purchasing an additional 22,294 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alpha and Omega Semiconductor by 20.3% in 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 worth $2,501,000 after acquiring an additional 11,398 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Sunday, May 11th. B. Riley lifted their price target on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their price objective for the company from $18.00 to $25.00 in a research report on Tuesday, July 15th. Finally, Benchmark decreased their target price on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $30.67.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL remained flat at $27.95 during mid-day trading on Friday. The stock had a trading volume of 303,859 shares, compared to its average volume of 449,120. The company has a market cap of $838.78 million, a P/E ratio of -8.55 and a beta of 2.11. The company has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $25.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. 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 posted its quarterly earnings results 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. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.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 firm earned $0.09 earnings per share. Alpha and Omega Semiconductor's quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

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.