Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in Alpha and Omega Semiconductor by 175.5%, acquiring an additional 32,009 shares, bringing its total ownership to 50,246 shares worth approximately $1.25 million.
• Multiple institutional investors are showing interest in Alpha and Omega, with Sterling Capital Management raising its holdings by 820.7% in the last quarter, indicating strong investment activity in the company.
• Research analysts have varied outlooks on the stock, with B. Riley increasing its price target from $30.00 to $35.00 while others have adjusted their price targets downward, reflecting differing views on the company's future performance.

Victory Capital Management Inc. boosted its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 175.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,246 shares of the semiconductor company's stock after acquiring an additional 32,009 shares during the quarter. Victory Capital Management Inc. owned 0.17% of Alpha and Omega Semiconductor worth $1,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock valued at $89,303,000 after buying an additional 14,070 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 4th quarter valued at about $42,162,000. Robeco Schweiz AG purchased a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $19,434,000. Wellington Management Group LLP boosted its stake in shares of Alpha and Omega Semiconductor by 12.4% in the 4th 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 period. Finally, Geode Capital Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 0.3% in the 4th 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 period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AOSL shares. Wall Street Zen upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and lifted their price objective for the company from $18.00 to $25.00 in a research note on Tuesday, July 15th. Benchmark decreased their price objective on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, B. Riley lifted 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.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $23.73, for a total transaction of $43,781.85. Following the sale, the executive vice president directly owned 130,951 shares in the company, valued at approximately $3,107,467.23. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.90% of the company's stock.

Alpha and Omega Semiconductor Stock Down 2.6%

Shares of NASDAQ AOSL traded down $0.65 during midday trading on Friday, hitting $24.82. 297,142 shares of the company's stock were exchanged, compared to its average volume of 485,193. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.57 and a quick ratio of 1.36. Alpha and Omega Semiconductor Limited has a twelve month low of $15.90 and a twelve month high of $53.29. The company has a market cap of $730.20 million, a PE ratio of -31.82 and a beta of 2.11. The firm's fifty day simple moving average is $25.40 and its 200-day simple moving average is $26.93.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 0.28% and a negative net margin of 3.33%. The company had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The firm's revenue was up 9.7% compared to the same quarter last year. Research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

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.