Royce & Associates LP Reduces Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Royce & Associates LP decreased its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 367,594 shares of the semiconductor company’s stock after selling 44,472 shares during the quarter. Royce & Associates LP’s holdings in Alpha and Omega Semiconductor were worth $13,612,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in Alpha and Omega Semiconductor by 47.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock worth $34,000 after buying an additional 291 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Alpha and Omega Semiconductor by 4.9% in the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after purchasing an additional 508 shares during the period. IFP Advisors Inc grew its position 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 valued at $28,000 after purchasing an additional 548 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at $38,000. Finally, HighTower Advisors LLC grew its position in shares of Alpha and Omega Semiconductor by 19.4% in the fourth quarter. HighTower Advisors LLC now owns 6,501 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 1,054 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark lifted their price objective on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,242 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the transaction, the executive vice president now owns 115,368 shares in the company, valued at $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.90% of the stock is owned by insiders.

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock opened at $27.61 on Tuesday. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $53.29. The stock has a market capitalization of $812.15 million, a P/E ratio of -34.51 and a beta of 2.56. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $34.81 and its 200 day moving average price is $36.22.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. As a group, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Alpha and Omega Semiconductor 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.