Principal Financial Group Inc. Sells 4,301 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. reduced its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 114,675 shares of the semiconductor company’s stock after selling 4,301 shares during the quarter. Principal Financial Group Inc.’s holdings in Alpha and Omega Semiconductor were worth $4,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Alpha and Omega Semiconductor by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock worth $6,362,000 after purchasing an additional 7,312 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings 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 worth $437,000 after purchasing an additional 400 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Alpha and Omega Semiconductor by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock worth $878,000 after purchasing an additional 511 shares during the last quarter. Gladius Capital Management LP bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. Finally, SG Americas Securities LLC bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $1,040,000. 78.97% of the stock is owned by institutional investors.

Insider Activity at Alpha and Omega Semiconductor

In related news, 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 completion of the transaction, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Yifan Liang sold 10,000 shares of the company’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 in the company, valued at approximately $10,548,066.40. The disclosure for this sale can be found here. 17.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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 note on Friday, June 28th. Stifel Nicolaus upped their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. B. Riley upped their price target on 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. Finally, StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock opened at $32.61 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.58 and a quick ratio of 1.31. The stock has a 50-day moving average of $38.66 and a 200-day moving average of $30.21. Alpha and Omega Semiconductor Limited has a one year low of $19.38 and a one year high of $47.45. The stock has a market cap of $944.71 million, a PE ratio of -95.91 and a beta of 2.42.

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 (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $160.03 million. During the same period in the previous year, the firm earned $0.08 EPS. Alpha and Omega Semiconductor’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -1.06 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.