Algert Global LLC Purchases 56,962 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Algert Global LLC increased its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 172.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,920 shares of the semiconductor company’s stock after buying an additional 56,962 shares during the period. Algert Global LLC owned 0.31% of Alpha and Omega Semiconductor worth $3,338,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after purchasing an additional 40,183 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Alpha and Omega Semiconductor by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after buying an additional 893 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Alpha and Omega Semiconductor by 51.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 21,993 shares of the semiconductor company’s stock worth $485,000 after buying an additional 7,453 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Alpha and Omega Semiconductor by 101.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock worth $4,394,000 after buying an additional 100,591 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $1,040,000. Institutional investors own 78.97% of the company’s stock.

Analyst Ratings Changes

AOSL has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. B. Riley decreased their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday.

Alpha and Omega Semiconductor Stock Up 4.5 %

Shares of NASDAQ 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 1 year low of $19.38 and a 1 year high of $47.45. The stock 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 50-day moving average price of $34.41 and a 200-day moving average price of $34.90.

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

Insider Activity at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.90% of the stock is currently owned by insiders.

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.