Voya Investment Management LLC Boosts Stake in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Voya Investment Management LLC significantly increased its stake in Alpha and Omega Semiconductor Limited by 760.5% in Q1, owning 62,448 shares valued at approximately $1.55 million.
• Multiple institutional investors, including Invesco Ltd. and Boston Partners, also made large percentage increases to their holdings in Alpha and Omega Semiconductor during the same period.
• Analyst upgrades have raised the target price for Alpha and Omega's stock, with B. Riley setting a target of $35.00 and a consensus rating of "Moderate Buy" across analysts.

Voya Investment Management LLC increased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 760.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 62,448 shares of the semiconductor company's stock after purchasing an additional 55,191 shares during the period. Voya Investment Management LLC owned 0.21% of Alpha and Omega Semiconductor worth $1,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha and Omega Semiconductor by 5.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,252,531 shares of the semiconductor company's stock valued at $31,138,000 after purchasing an additional 63,286 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Alpha and Omega Semiconductor by 43.4% in the 1st quarter. Wellington Management Group LLP now owns 908,043 shares of the semiconductor company's stock valued at $22,574,000 after purchasing an additional 274,698 shares during the last quarter. Robeco Schweiz AG purchased a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $19,434,000. Invesco Ltd. lifted its holdings in shares of Alpha and Omega Semiconductor by 409.1% in the 1st quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company's stock valued at $18,881,000 after purchasing an additional 610,336 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Alpha and Omega Semiconductor by 2,738.7% in the 1st quarter. Boston Partners now owns 595,137 shares of the semiconductor company's stock valued at $14,782,000 after purchasing an additional 574,172 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AOSL shares. B. Riley boosted their target price on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a report on Friday, July 11th. Stifel Nicolaus raised 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Alpha and Omega Semiconductor has a consensus rating of "Moderate Buy" and an average target price of $30.67.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $30.69 on Tuesday. The stock's 50 day simple moving average is $27.72 and its 200 day simple moving average is $24.72. The stock has a market cap of $921.01 million, a P/E ratio of -9.39 and a beta of 2.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.34. Alpha and Omega Semiconductor Limited has a 1-year low of $15.90 and a 1-year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The firm had revenue of $176.50 million for the quarter, compared to analysts' expectations of $170.03 million. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.Alpha and Omega Semiconductor's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal 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.

Want to see what other hedge funds are holding AOSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.