AXQ Capital LP Takes $406,000 Position in Alpha and Omega Semiconductor Limited $AOSL

AXQ Capital LP acquired a new position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,511 shares of the semiconductor company’s stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AOSL. Vanguard Group Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 1.4% in the third quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock valued at $68,613,000 after acquiring an additional 33,959 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Alpha and Omega Semiconductor by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after buying an additional 158,869 shares in the last quarter. Wellington Management Group LLP grew its holdings in Alpha and Omega Semiconductor by 15.0% during the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after acquiring an additional 113,077 shares during the period. Millennium Management LLC raised its position in Alpha and Omega Semiconductor by 57.5% in the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after acquiring an additional 232,817 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 611,089 shares of the semiconductor company’s stock worth $12,108,000 after acquiring an additional 3,612 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $50.25 on Friday. Alpha and Omega Semiconductor Limited has a 12 month low of $17.01 and a 12 month high of $54.34. The business has a 50-day moving average of $36.46 and a two-hundred day moving average of $26.55. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -14.12 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million for the quarter, compared to the consensus estimate of $160.07 million. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. Alpha and Omega Semiconductor’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) earnings per share. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, Director Mike F. Chang acquired 33,727 shares of the business’s stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $19.00 per share, with a total value of $640,813.00. Following the completion of the transaction, the director directly owned 4,369,574 shares of the company’s stock, valued at $83,021,906. This trade represents a 0.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bing Xue sold 1,832 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.21, for a total value of $57,176.72. Following the transaction, the executive vice president directly owned 132,617 shares in the company, valued at $4,138,976.57. This trade represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 59,860 shares of company stock worth $1,913,960 in the last quarter. Company insiders own 16.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AOSL shares. B. Riley Financial lifted their price target on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Monday, April 20th. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, February 6th. Needham & Company LLC initiated coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They set a “buy” rating and a $50.00 target price on the stock. Finally, Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and an average price target of $30.50.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.