Algert Global LLC Raises Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Algert Global LLC boosted its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 172.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,920 shares of the semiconductor company’s stock after purchasing an additional 56,962 shares during the period. Algert Global LLC’s holdings in Alpha and Omega Semiconductor were worth $3,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC lifted its position in shares of 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 valued at $519,000 after buying an additional 5,797 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Alpha and Omega Semiconductor during the third quarter valued at about $219,000. Empowered Funds LLC boosted its position in Alpha and Omega Semiconductor by 5.2% during the third quarter. Empowered Funds LLC now owns 40,303 shares of the semiconductor company’s stock worth $1,496,000 after purchasing an additional 2,010 shares during the period. Hollencrest Capital Management purchased a new position in shares of Alpha and Omega Semiconductor in the third quarter worth about $56,000. Finally, Summit Global Investments bought a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $645,000. 78.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley cut their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.90% of the stock is currently owned by insiders.

Alpha and Omega Semiconductor Stock Up 4.5 %

AOSL opened at $40.36 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. Alpha and Omega Semiconductor Limited has a one year low of $19.38 and a one year high of $47.45. The firm has a market capitalization of $1.17 billion, a P/E ratio of -60.24 and a beta of 2.42. The company has a fifty day moving average price of $34.41 and a 200-day moving average price of $34.90.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The business had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. Alpha and Omega Semiconductor’s revenue was up .7% compared to the same quarter last year. Equities research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal 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.