Royce & Associates LP Has $9.39 Million Stock Position in Alpha and Omega Semiconductor Limited $AOSL

Royce & Associates LP raised its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 10.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 474,015 shares of the semiconductor company’s stock after acquiring an additional 46,662 shares during the period. Royce & Associates LP’s holdings in Alpha and Omega Semiconductor were worth $9,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOSL. Weber Capital Management LLC ADV acquired a new stake in Alpha and Omega Semiconductor in the 4th quarter valued at approximately $10,842,000. Millennium Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 57.5% in the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after acquiring an additional 232,817 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Alpha and Omega Semiconductor by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after purchasing an additional 158,869 shares in the last quarter. UBS Group AG grew its holdings in shares of Alpha and Omega Semiconductor by 224.7% during the 4th quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after purchasing an additional 150,254 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after purchasing an additional 113,077 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL stock opened at $49.34 on Friday. The stock’s fifty day simple moving average is $33.71 and its 200 day simple moving average is $25.49. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -13.86 and a beta of 2.58. Alpha and Omega Semiconductor Limited has a one year low of $17.01 and a one year high of $51.35.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.06. The business had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.Alpha and Omega Semiconductor’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. On average, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insider Activity

In other news, CEO Stephen Chunping Chang sold 14,884 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $34.47, for a total value of $513,051.48. Following the completion of the transaction, the chief executive officer owned 635,901 shares in the company, valued at approximately $21,919,507.47. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mike F. Chang acquired 33,727 shares of the business’s stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $19.00 per share, with a total value of $640,813.00. Following the transaction, the director owned 4,369,574 shares in the company, valued at approximately $83,021,906. The trade was a 0.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 59,860 shares of company stock worth $1,913,960. 16.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus decreased their price objective on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Needham & Company LLC assumed coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 price objective on the stock. Zacks Research raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen raised Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.50.

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.