The Manufacturers Life Insurance Company Has $34.89 Million Holdings in Alpha and Omega Semiconductor Limited $AOSL

The Manufacturers Life Insurance Company decreased its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,574,462 shares of the semiconductor company’s stock after selling 54,172 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Alpha and Omega Semiconductor worth $34,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter worth $62,000. Strs Ohio bought a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at $70,000. iSAM Funds UK Ltd bought a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at $91,000. Tower Research Capital LLC TRC raised its holdings in Alpha and Omega Semiconductor by 574.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after buying an additional 4,222 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Alpha and Omega Semiconductor by 146.1% during the third quarter. BNP Paribas Financial Markets now owns 6,123 shares of the semiconductor company’s stock worth $171,000 after buying an additional 3,635 shares during the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the sale, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is owned by insiders.

Alpha and Omega Semiconductor Trading Up 2.0%

Shares of AOSL opened at $31.74 on Friday. The company has a market capitalization of $949.98 million, a price-to-earnings ratio of -8.92 and a beta of 2.55. The stock has a 50 day moving average of $40.49 and a 200 day moving average of $31.78. Alpha and Omega Semiconductor Limited has a 12 month low of $17.01 and a 12 month high of $54.34.

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

Wall Street Analysts Forecast Growth

AOSL has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Needham & Company LLC assumed coverage on shares of Alpha and Omega Semiconductor in a report on Friday, May 1st. They issued a “buy” rating and a $50.00 target price on the stock. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Lake Street Capital began coverage on Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They set a “buy” rating and a $58.00 price target for the company. Finally, B. Riley Financial boosted their price objective on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.00.

Alpha and Omega Semiconductor Profile

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.