Wellington Management Group LLP Reduces Stock Holdings in Alpha and Omega Semiconductor Limited $AOSL

Key Points

• Wellington Management cut its Alpha and Omega Semiconductor stake by 40.6% in the second quarter, selling 281,898 shares and retaining 412,910 shares worth approximately $19.5 million. Institutional investors collectively own 78.97% of the company.
• Alpha and Omega Semiconductor’s latest quarterly results exceeded expectations, with an adjusted loss of $0.13 per share versus the consensus loss estimate of $0.24 and revenue of $170.37 million. However, revenue declined 3.5% year over year, while the company continued to report negative margins and return on equity.
• Analyst sentiment remains mixed, with three Buy, three Hold, and one Sell rating; the consensus rating is Hold with a $41.50 price target. The stock recently opened at $25.20, well below its 12-month high of $54.34.

Wellington Management Group LLP reduced its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 40.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 412,910 shares of the semiconductor company's stock after selling 281,898 shares during the period. Wellington Management Group LLP owned 1.38% of Alpha and Omega Semiconductor worth $19,543,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alpha and Omega Semiconductor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company's stock valued at $352,000 after buying an additional 624 shares during the period. Royal Bank of Canada raised its position in Alpha and Omega Semiconductor by 9.2% in the fourth quarter. Royal Bank of Canada now owns 8,938 shares of the semiconductor company's stock valued at $177,000 after purchasing an additional 755 shares during the period. Deutsche Bank AG lifted its stake in shares of Alpha and Omega Semiconductor by 1.8% in the 4th quarter. Deutsche Bank AG now owns 47,059 shares of the semiconductor company's stock valued at $932,000 after purchasing an additional 844 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 20,281 shares of the semiconductor company's stock worth $402,000 after purchasing an additional 1,053 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Alpha and Omega Semiconductor by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company's stock worth $2,661,000 after purchasing an additional 1,178 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ AOSL opened at $25.20 on Monday. The stock has a market cap of $762.55 million, a P/E ratio of -17.87 and a beta of 2.56. Alpha and Omega Semiconductor Limited has a 12-month low of $17.01 and a 12-month high of $54.34. The business's fifty day simple moving average is $32.09 and its 200-day simple moving average is $33.07.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%.The firm had revenue of $170.37 million during the quarter, compared to analysts' expectations of $168.00 million. During the same period in the previous year, the firm posted $0.02 EPS. Alpha and Omega Semiconductor's revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -1.7 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 4,916 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the completion of the transaction, the executive vice president directly owned 123,660 shares of the company's stock, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AOSL shares. Stifel Nicolaus upped their target price on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a "hold" rating in a research report on Wednesday, June 24th. Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a "buy" rating and a $58.00 price target for the company. B. Riley Financial reduced their price target on shares of Alpha and Omega Semiconductor from $38.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, August 13th. Williams Trading set a $45.00 price objective on shares of Alpha and Omega Semiconductor in a report on Thursday, August 13th. Finally, Wall Street Zen cut shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Alpha and Omega Semiconductor has an average rating of "Hold" and a consensus target price of $41.50.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited NASDAQ: AOSL is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.

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