Eastern Bank Invests $174,000 in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Eastern Bank acquired a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 4,676 shares of the semiconductor company’s stock, valued at approximately $174,000.

Several other hedge funds have also recently added to or reduced their stakes in AOSL. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the first quarter valued at about $616,000. Jacobs Levy Equity Management Inc. boosted its position in Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after acquiring an additional 100,591 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Alpha and Omega Semiconductor by 18.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after acquiring an additional 71,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after acquiring an additional 40,183 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Alpha and Omega Semiconductor by 867.6% in the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 123,093 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the transaction, the director now owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the sale, the chief financial officer now owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by corporate insiders.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $35.45 on Friday. The stock has a fifty day simple moving average of $36.52 and a 200-day simple moving average of $33.20. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.02 billion, a PE ratio of -104.26 and a beta of 2.41. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was down .1% on a year-over-year basis. Equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on AOSL. Benchmark upped their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, June 28th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, September 18th. Stifel Nicolaus lifted their target price on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. Finally, B. Riley increased their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 11th.

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.