Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,510 shares of the semiconductor company’s stock after purchasing an additional 1,533 shares during the period. Raymond James & Associates owned approximately 0.07% of Alpha and Omega Semiconductor worth $508,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AOSL. Wellington Management Group LLP lifted its position in Alpha and Omega Semiconductor by 288.5% during the third quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock valued at $8,752,000 after buying an additional 217,800 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Alpha and Omega Semiconductor by 24.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company’s stock worth $30,017,000 after purchasing an additional 198,291 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Alpha and Omega Semiconductor by 18.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 30,568 shares of the semiconductor company’s stock valued at $912,000 after purchasing an additional 4,734 shares in the last quarter. Algert Global LLC purchased a new position in Alpha and Omega Semiconductor in the third quarter valued at about $975,000. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 178.7% during the third quarter. Brandywine Global Investment Management LLC now owns 83,990 shares of the semiconductor company’s stock worth $2,506,000 after purchasing an additional 53,855 shares in the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Analyst Ratings Changes

AOSL has been the topic of several analyst reports. B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and raised their target price for the company from $28.00 to $34.00 in a report on Tuesday, January 2nd. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, April 18th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock opened at $22.19 on Friday. Alpha and Omega Semiconductor Limited has a 52 week low of $19.38 and a 52 week high of $35.40. The company has a market cap of $627.53 million, a P/E ratio of -35.22 and a beta of 2.39. The company has a quick ratio of 1.33, a current ratio of 2.52 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $21.97 and a two-hundred day moving average of $23.84.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. The firm had revenue of $165.29 million during the quarter, compared to analyst estimates of $165.00 million. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.5 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the transaction, the executive vice president now owns 130,082 shares in the company, valued at approximately $2,545,704.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total value of $466,200.00. Following the sale, the chief financial officer now directly owns 293,296 shares in the company, valued at $6,836,729.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bing Xue sold 1,956 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the sale, the executive vice president now owns 130,082 shares in the company, valued at $2,545,704.74. The disclosure for this sale can be found here. Insiders have sold a total of 70,649 shares of company stock worth $1,727,692 in the last three months. 17.90% of the stock is owned by company insiders.

Alpha and Omega Semiconductor Company 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.