nVerses Capital LLC Cuts Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

nVerses Capital LLC cut its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the semiconductor company’s stock after selling 1,100 shares during the quarter. nVerses Capital LLC’s holdings in Alpha and Omega Semiconductor were worth $74,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in Alpha and Omega Semiconductor during the second quarter valued at about $8,389,000. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 169,619 shares during the last quarter. Millennium Management LLC grew its position in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Alpha and Omega Semiconductor by 101.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after purchasing an additional 100,591 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of 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 worth $9,842,000 after purchasing an additional 71,000 shares during the period. 78.97% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction dated 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 directly owns 33,245 shares in the company, valued at $1,265,304.70. The trade was a 0.00 % 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. Also, CFO Yifan Liang sold 10,000 shares of the company’s stock in a transaction dated 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 owns 296,294 shares in the company, valued at $10,548,066.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Benchmark increased their price objective on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a report on Friday, June 28th. Stifel Nicolaus increased their price target on 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. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th. Finally, B. Riley increased their target price on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th.

Alpha and Omega Semiconductor Trading Down 3.3 %

NASDAQ:AOSL opened at $36.58 on Tuesday. The company has a market cap of $1.05 billion, a P/E ratio of -107.59 and a beta of 2.41. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $47.45. 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’s fifty day moving average price is $36.55 and its two-hundred day moving average price is $33.07.

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, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $161.30 million for the quarter, compared to analysts’ expectations of $160.03 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, analysts expect that Alpha and Omega Semiconductor Limited will post -0.32 EPS 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.