Wellington Management Group LLP Acquires 274,698 Shares of Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Wellington Management Group LLP increased its stock holdings in Alpha and Omega Semiconductor by 43.4%, owning approximately 3.09% of the company, valued at around $22.57 million.
• Analysts have given Alpha and Omega Semiconductor an average rating of "Moderate Buy" with price targets varying from $25.00 to $35.00.
• Shares of Alpha and Omega Semiconductor opened at $28.09 and have shown a 52-week range with a low of $15.90 and high of $53.29.

Wellington Management Group LLP lifted its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 43.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 908,043 shares of the semiconductor company's stock after buying an additional 274,698 shares during the quarter. Wellington Management Group LLP owned approximately 3.09% of Alpha and Omega Semiconductor worth $22,574,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Boston Partners raised its stake in Alpha and Omega Semiconductor by 2,738.7% during the first 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 in the last quarter. Russell Investments Group Ltd. raised its stake in Alpha and Omega Semiconductor by 161.4% during the first quarter. Russell Investments Group Ltd. now owns 174,593 shares of the semiconductor company's stock valued at $4,340,000 after purchasing an additional 107,790 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Alpha and Omega Semiconductor by 28.6% during the first quarter. Public Sector Pension Investment Board now owns 76,446 shares of the semiconductor company's stock valued at $1,900,000 after purchasing an additional 16,982 shares in the last quarter. Nuveen LLC purchased a new stake in Alpha and Omega Semiconductor during the first quarter valued at $1,583,000. Finally, Invesco Ltd. raised its stake in Alpha and Omega Semiconductor by 409.1% during the first 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 in the last quarter. Institutional investors own 78.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AOSL. B. Riley upped their price target on shares of 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. Benchmark decreased their price target on shares of 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. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Stifel Nicolaus upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating and raised their price target for the stock from $18.00 to $25.00 in a research report on Tuesday, July 15th. Two 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.com, Alpha and Omega Semiconductor has a consensus rating of "Moderate Buy" and a consensus price target of $30.67.

Alpha and Omega Semiconductor Trading Down 3.8%

AOSL traded down $1.15 during trading on Friday, reaching $28.77. The company had a trading volume of 230,128 shares, compared to its average volume of 228,960. The stock has a market cap of $863.39 million, a P/E ratio of -8.80 and a beta of 2.11. The business has a 50 day simple moving average of $27.09 and a 200-day simple moving average of $25.06. Alpha and Omega Semiconductor Limited has a 52 week low of $15.90 and a 52 week high of $53.29. The company has a quick ratio of 1.34, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The company had revenue of $176.50 million during the quarter, compared to the consensus estimate 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 revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

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.