First Trust Advisors LP Makes New $613,000 Investment in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

First Trust Advisors LP acquired a new position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,562 shares of the semiconductor company's stock, valued at approximately $613,000. First Trust Advisors LP owned approximately 0.06% of Alpha and Omega Semiconductor as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock valued at $89,303,000 after purchasing an additional 14,070 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Alpha and Omega Semiconductor by 12.4% in the 4th quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock worth $23,453,000 after buying an additional 70,100 shares during the last quarter. Geode Capital Management LLC lifted its position in Alpha and Omega Semiconductor by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 580,556 shares of the semiconductor company's stock valued at $21,503,000 after acquiring an additional 1,851 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 224,809 shares of the semiconductor company's stock valued at $8,325,000 after acquiring an additional 1,449 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in Alpha and Omega Semiconductor in the fourth quarter worth $8,014,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AOSL shares. Stifel Nicolaus dropped their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, April 17th. Benchmark dropped their price objective on shares of 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. Finally, StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Sunday.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL traded down $0.51 on Wednesday, hitting $24.28. 131,217 shares of the company's stock traded hands, compared to its average volume of 596,095. The firm's 50-day moving average price is $22.18 and its two-hundred day moving average price is $31.84. The firm has a market capitalization of $714.28 million, a PE ratio of -30.41 and a beta of 2.02. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor Limited has a 1-year low of $15.90 and a 1-year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. The firm had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. Alpha and Omega Semiconductor's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,845 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $23.73, for a total transaction of $43,781.85. Following the completion of the sale, the executive vice president now owns 130,951 shares of the company's stock, valued at $3,107,467.23. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is owned by corporate insiders.

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.