Wedge Capital Management L L P NC Increases Stock Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Wedge Capital Management L L P NC lifted its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 60.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,951 shares of the semiconductor company's stock after acquiring an additional 26,666 shares during the period. Wedge Capital Management L L P NC owned approximately 0.24% of Alpha and Omega Semiconductor worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AOSL. IFP Advisors Inc boosted its holdings in Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 548 shares during the last quarter. Northern Trust Corp boosted its position in Alpha and Omega Semiconductor by 9.3% in the fourth quarter. Northern Trust Corp now owns 261,446 shares of the semiconductor company's stock worth $9,681,000 after purchasing an additional 22,294 shares during the last quarter. Millennium Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 2,741.6% during the 4th quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after purchasing an additional 247,678 shares during the period. Empowered Funds LLC increased its position in shares of Alpha and Omega Semiconductor by 5.0% during the 4th quarter. Empowered Funds LLC now owns 42,303 shares of the semiconductor company's stock valued at $1,566,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted 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 worth $89,303,000 after purchasing an additional 14,070 shares during the period. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Price Performance

NASDAQ:AOSL traded down $0.28 during trading hours on Thursday, hitting $24.80. 232,379 shares of the stock traded hands, compared to its average volume of 525,119. The company has a market cap of $729.49 million, a price-to-earnings ratio of -31.00 and a beta of 2.08. Alpha and Omega Semiconductor Limited has a 1 year low of $15.90 and a 1 year high of $53.29. The stock has a 50 day moving average price of $20.83 and a 200 day moving average price of $30.55. The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released 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. The company had revenue of $164.60 million for the quarter, compared to analysts' expectations of $157.23 million. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. Alpha and Omega Semiconductor's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) EPS. Sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

AOSL has been the subject of several recent research reports. Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Sunday, May 11th. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark cut their price target on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating for the company in a report on Friday, May 9th.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,845 shares of the firm's stock in a transaction dated 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 now owns 130,951 shares in the company, valued at $3,107,467.23. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 16.90% of the stock is currently owned by corporate insiders.

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.