Principal Financial Group Inc. Has $4.16 Million Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. decreased its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 2.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 111,971 shares of the semiconductor company’s stock after selling 2,704 shares during the quarter. Principal Financial Group Inc.’s holdings in Alpha and Omega Semiconductor were worth $4,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in Alpha and Omega Semiconductor during the second quarter worth about $8,389,000. The Manufacturers Life Insurance Company grew its stake in Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after purchasing an additional 169,619 shares in the last quarter. Millennium Management LLC increased its holdings in Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after buying an additional 123,093 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Alpha and Omega Semiconductor by 101.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after purchasing an additional 100,591 shares during the period. Finally, Peregrine Capital Management LLC increased its holdings in shares of Alpha and Omega Semiconductor by 14.6% during the 2nd quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock worth $12,657,000 after acquiring an additional 43,031 shares during the last quarter. 78.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AOSL shares. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. B. Riley cut 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 research report on Tuesday, November 5th. Stifel Nicolaus reduced their target price on 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. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Up 32.0 %

Alpha and Omega Semiconductor stock opened at $40.13 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $34.18 and its two-hundred day moving average price is $34.51. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -60.30 and a beta of 2.42. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-year high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its 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 firm had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Wenjun Li sold 2,183 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.90% of the stock is owned by insiders.

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.