Truvestments Capital LLC Lowers Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Truvestments Capital LLC lowered its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 49.0% in the first quarter, Holdings Channel reports. The institutional investor owned 4,713 shares of the semiconductor company’s stock after selling 4,536 shares during the period. Truvestments Capital LLC’s holdings in Alpha and Omega Semiconductor were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AOSL. Pineridge Advisors LLC purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter worth $30,000. Summit Global Investments purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter worth $236,000. Overbrook Management Corp purchased a new stake in Alpha and Omega Semiconductor during the first quarter worth $260,000. Louisiana State Employees Retirement System purchased a new stake in shares of Alpha and Omega Semiconductor during the 4th quarter valued at $294,000. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Alpha and Omega Semiconductor by 3.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company’s stock valued at $442,000 after purchasing an additional 613 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented 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. B. Riley increased their price objective on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Stifel Nicolaus increased their price objective on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a report on Thursday, July 18th.

Alpha and Omega Semiconductor Stock Up 5.9 %

Shares of NASDAQ AOSL traded up $2.43 during mid-day trading on Friday, hitting $43.53. The stock had a trading volume of 355,697 shares, compared to its average volume of 515,516. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23. The company has a 50 day moving average of $34.94 and a two-hundred day moving average of $27.52. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.10. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The firm had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.13 million. During the same period in the prior year, the firm earned ($0.59) EPS. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.19 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.