Alpha DNA Investment Management LLC Acquires New Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Alpha DNA Investment Management LLC acquired a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the third quarter, Holdings Channel reports. The firm acquired 10,994 shares of the semiconductor company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AOSL. Louisiana State Employees Retirement System increased its position in Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 400 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Alpha and Omega Semiconductor by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $878,000 after buying an additional 511 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Alpha and Omega Semiconductor by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock worth $433,000 after buying an additional 893 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $36,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $47,000. Institutional investors own 78.97% of the company’s stock.

Insider Buying and Selling

In other news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were 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 represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on AOSL. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday. Stifel Nicolaus lowered their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. B. Riley lowered their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $38.63 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The firm has a fifty day moving average price of $34.31 and a 200 day moving average price of $34.81. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $47.45. The stock has a market cap of $1.12 billion, a P/E ratio of -57.66 and a beta of 2.42.

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

About Alpha and Omega Semiconductor

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.