First Eagle Investment Management LLC Purchases 71,000 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

First Eagle Investment Management LLC raised its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 18.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 446,542 shares of the semiconductor company’s stock after purchasing an additional 71,000 shares during the period. First Eagle Investment Management LLC’s holdings in Alpha and Omega Semiconductor were worth $9,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SummerHaven Investment Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 2.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 22,635 shares of the semiconductor company’s stock worth $590,000 after purchasing an additional 438 shares during the period. Texas Permanent School Fund Corp raised its position in Alpha and Omega Semiconductor by 3.2% in the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 613 shares during the period. Pineridge Advisors LLC bought a new position in Alpha and Omega Semiconductor in the fourth quarter worth approximately $30,000. Raymond James & Associates lifted its position in Alpha and Omega Semiconductor by 8.5% during the fourth quarter. Raymond James & Associates now owns 19,510 shares of the semiconductor company’s stock valued at $508,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Alpha and Omega Semiconductor by 1.3% during the first quarter. Principal Financial Group Inc. now owns 118,976 shares of the semiconductor company’s stock valued at $2,622,000 after purchasing an additional 1,541 shares during the period. Institutional investors own 78.97% of the company’s stock.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the transaction, the executive vice president now directly owns 130,082 shares in the company, valued at approximately $2,545,704.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. B. Riley lifted their price objective on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Benchmark raised their target price on shares of 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. Finally, Stifel Nicolaus increased their price target on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a report on Thursday.

Alpha and Omega Semiconductor Trading Down 3.4 %

AOSL stock traded down $1.52 during midday trading on Friday, reaching $43.83. The company’s stock had a trading volume of 268,640 shares, compared to its average volume of 214,379. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $47.45. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -133.38 and a beta of 2.39. The stock has a fifty day simple moving average of $33.03 and a two-hundred day simple moving average of $26.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $150.10 million during the quarter, compared to analyst estimates of $150.13 million. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.59) EPS. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current year.

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.