14,183 Shares in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Purchased by Ethic Inc.

Ethic Inc. purchased a new position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the fourth quarter, Holdings Channel reports. The fund purchased 14,183 shares of the semiconductor company’s stock, valued at approximately $525,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Alpha and Omega Semiconductor by 42.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company’s stock worth $1,359,000 after purchasing an additional 10,921 shares during the period. IFP Advisors Inc raised its holdings in shares of Alpha and Omega Semiconductor by 276.8% during the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 548 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Alpha and Omega Semiconductor by 5.0% during the fourth quarter. Empowered Funds LLC now owns 42,303 shares of the semiconductor company’s stock valued at $1,566,000 after acquiring an additional 2,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company’s stock valued at $89,303,000 after acquiring an additional 14,070 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 9.0% during the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Analyst Upgrades and Downgrades

AOSL has been the subject of a number of research analyst reports. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Sunday, May 11th. Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, April 17th. Finally, Benchmark reduced their target price on Alpha and Omega Semiconductor from $42.00 to $32.00 and set a “buy” rating for the company in a report on Friday, May 9th.

Insider Activity

In related news, EVP Bing Xue sold 1,845 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was 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 directly owns 130,951 shares in the company, valued at approximately $3,107,467.23. This represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $23.46 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. The business has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $31.70. The firm has a market capitalization of $690.08 million, a PE ratio of -29.33 and a beta of 2.02. 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) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The business had revenue of $164.60 million during 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%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

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.