Victory Capital Management Inc. Has $1.25 Million Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

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

A number of other institutional investors also recently modified their holdings of AOSL. Raymond James Financial Inc. bought a new stake in Alpha and Omega Semiconductor during the fourth quarter worth about $922,000. HighTower Advisors LLC boosted its stake in shares of Alpha and Omega Semiconductor by 19.4% during the 4th quarter. HighTower Advisors LLC now owns 6,501 shares of the semiconductor company's stock worth $241,000 after acquiring an additional 1,054 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth approximately $167,000. LPL Financial LLC bought a new position in shares of Alpha and Omega Semiconductor during the 4th quarter worth approximately $352,000. Finally, Vanguard Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock worth $89,303,000 after acquiring an additional 14,070 shares during the period. 78.97% of the stock is currently owned by institutional investors.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL stock traded down $0.65 during trading hours on Friday, reaching $24.82. The company's stock had a trading volume of 297,142 shares, compared to its average volume of 200,005. The firm's 50 day simple moving average is $25.48 and its 200-day simple moving average is $26.79. The company has a market capitalization of $730.20 million, a price-to-earnings ratio of -31.82 and a beta of 2.14. Alpha and Omega Semiconductor Limited has a fifty-two week low of $15.90 and a fifty-two 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.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $164.60 million for the quarter, compared to the consensus estimate of $157.23 million. During the same quarter last year, the business posted ($0.04) EPS. The company's revenue was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AOSL shares. Benchmark lowered their target price 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. Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and increased their target price for the stock 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. Finally, B. Riley increased their target price on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, July 11th.

Insider Transactions at Alpha and Omega Semiconductor

In related 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 transaction of $43,781.85. Following the completion of the transaction, the executive vice president directly owned 130,951 shares of the company's stock, valued at $3,107,467.23. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 16.90% of the stock is currently owned by corporate insiders.

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.