Wells Fargo & Company MN Buys 15,688 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Wells Fargo & Company MN boosted its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 128.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,921 shares of the semiconductor company's stock after purchasing an additional 15,688 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of Alpha and Omega Semiconductor worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock worth $28,000 after buying an additional 548 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Alpha and Omega Semiconductor by 47.2% in 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 in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Alpha and Omega Semiconductor during the fourth quarter worth about $39,000. Larson Financial Group LLC bought a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at about $38,000. Finally, KLP Kapitalforvaltning AS bought a new position in Alpha and Omega Semiconductor during the 4th quarter worth approximately $167,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Down 2.1 %

Shares of Alpha and Omega Semiconductor stock traded down $0.44 during midday trading on Monday, hitting $20.47. The company's stock had a trading volume of 29,920 shares, compared to its average volume of 611,705. The stock has a 50-day simple moving average of $23.23 and a 200-day simple moving average of $32.52. The firm has a market capitalization of $602.13 million, a P/E ratio of -25.60 and a beta of 2.48. The company has a quick ratio of 1.50, a current ratio of 2.72 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 quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. As a group, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on 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. Benchmark increased their price target on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, StockNews.com cut shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday.

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.