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

Royce & Associates LP lessened its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412,066 shares of the semiconductor company’s stock after selling 23,208 shares during the period. Royce & Associates LP’s holdings in Alpha and Omega Semiconductor were worth $15,296,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter worth about $56,000. Summit Global Investments purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter worth about $645,000. Olympiad Research LP purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter worth about $668,000. Farther Finance Advisors LLC increased its stake in Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,750 shares during the period. Finally, Eastern Bank purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter worth about $174,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AOSL. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley dropped their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Down 5.9 %

NASDAQ:AOSL opened at $28.09 on Friday. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The stock has a market capitalization of $815.45 million, a P/E ratio of -43.64 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company’s 50-day simple moving average is $34.40 and its 200-day simple moving average is $34.19.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares in the company, valued at $1,265,304.70. This trade represents a 9.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Wenjun Li sold 2,183 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.90% of the company’s stock.

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.