Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 518,318 shares of the semiconductor company’s stock after selling 69,457 shares during the period. Fmr LLC’s holdings in Alpha and Omega Semiconductor were worth $19,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $45,000. Alpha DNA Investment Management LLC acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $408,000. Algert Global LLC grew its position in Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after purchasing an additional 56,962 shares during the period. Kingsview Wealth Management LLC grew its position in Alpha and Omega Semiconductor by 70.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 13,984 shares of the semiconductor company’s stock worth $519,000 after purchasing an additional 5,797 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $219,000. 78.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claudia Chen sold 5,623 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total value of $288,291.21. Following the sale, the director now owns 26,572 shares of the company’s stock, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,182 shares of company stock valued at $2,445,473 over the last three months. 16.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AOSL shares. B. Riley lowered 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 note on Tuesday, November 5th. Stifel Nicolaus cut their price objective on 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. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. 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 Down 4.0 %

AOSL stock opened at $46.76 on Wednesday. The company’s 50 day moving average price is $36.16 and its 200 day moving average price is $36.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -69.79 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $181.89 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

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.