Wellington Management Group LLP Acquires 70,100 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Wellington Management Group LLP increased its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 633,345 shares of the semiconductor company's stock after purchasing an additional 70,100 shares during the period. Wellington Management Group LLP owned 2.15% of Alpha and Omega Semiconductor worth $23,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake 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 valued at $28,000 after buying an additional 548 shares during the last quarter. Sterling Capital Management LLC lifted its position in Alpha and Omega Semiconductor by 820.7% in the 4th quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 673 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Alpha and Omega Semiconductor by 47.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 291 shares during the period. Larson Financial Group LLC bought a new position in Alpha and Omega Semiconductor in the 4th quarter worth about $38,000. Finally, CIBC Private Wealth Group LLC bought a new position in Alpha and Omega Semiconductor in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 78.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. 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 report 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 dropped their target price on shares of 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.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,845 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $23.73, for a total value of $43,781.85. Following the completion of the transaction, the executive vice president now owns 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 legal filing with the SEC, which is available at this link. Company insiders own 16.90% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

AOSL stock traded up $0.70 on Wednesday, reaching $23.65. 98,581 shares of the company were exchanged, compared to its average volume of 518,733. The firm has a market capitalization of $695.66 million, a PE ratio of -29.56 and a beta of 2.02. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $53.29. The stock's fifty day moving average price is $20.75 and its 200 day moving average price is $30.96. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The firm had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research 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.