Wellington Management Group LLP Boosts Stock Position in 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 increased its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 43.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 908,043 shares of the semiconductor company's stock after purchasing an additional 274,698 shares during the quarter. Wellington Management Group LLP owned about 3.09% of Alpha and Omega Semiconductor worth $22,574,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Robeco Schweiz AG bought a new position in Alpha and Omega Semiconductor during the first quarter valued at approximately $19,434,000. Invesco Ltd. raised its holdings in shares of Alpha and Omega Semiconductor by 409.1% in the first quarter. Invesco Ltd. now owns 759,509 shares of the semiconductor company's stock valued at $18,881,000 after buying an additional 610,336 shares during the last quarter. Boston Partners raised its holdings in shares of Alpha and Omega Semiconductor by 2,738.7% in the first quarter. Boston Partners now owns 595,137 shares of the semiconductor company's stock valued at $14,782,000 after buying an additional 574,172 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Alpha and Omega Semiconductor in the fourth quarter valued at about $11,612,000. Finally, Northern Trust Corp raised its holdings in Alpha and Omega Semiconductor by 9.3% during the 4th 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. Institutional investors own 78.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AOSL. Stifel Nicolaus raised 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. B. Riley raised their price target on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Benchmark decreased their price target on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Wall Street Zen raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday, May 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.67.

Alpha and Omega Semiconductor Trading Up 1.0%

Shares of Alpha and Omega Semiconductor stock traded up $0.31 during midday trading on Thursday, reaching $29.92. The company had a trading volume of 216,375 shares, compared to its average volume of 238,343. The stock has a fifty day moving average price of $27.00 and a 200 day moving average price of $25.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.58 and a quick ratio of 1.34. The firm has a market cap of $880.25 million, a PE ratio of -9.15 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.

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