Gagnon Securities LLC Has $7.93 Million Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Gagnon Securities LLC decreased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 214,105 shares of the semiconductor company’s stock after selling 846 shares during the period. Alpha and Omega Semiconductor makes up 1.6% of Gagnon Securities LLC’s investment portfolio, making the stock its 24th biggest holding. Gagnon Securities LLC’s holdings in Alpha and Omega Semiconductor were worth $7,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC increased its position in shares of Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after acquiring an additional 123,093 shares during the last quarter. Algert Global LLC increased its position in shares of Alpha and Omega Semiconductor by 35.9% in the second quarter. Algert Global LLC now owns 32,958 shares of the semiconductor company’s stock valued at $1,232,000 after acquiring an additional 8,707 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Alpha and Omega Semiconductor in the second quarter valued at about $62,000. Wedge Capital Management L L P NC increased its position in shares of Alpha and Omega Semiconductor by 2.8% in the third quarter. Wedge Capital Management L L P NC now owns 49,085 shares of the semiconductor company’s stock valued at $1,822,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at about $174,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Trading Up 2.7 %

Shares of AOSL stock opened at $38.42 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.12 billion, a P/E ratio of -57.34 and a beta of 2.48. The stock has a 50 day simple moving average of $40.40 and a 200 day simple moving average of $37.70. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced 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). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AOSL has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. B. Riley reduced 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. Finally, StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the completion of the transaction, the chief financial officer now directly owns 265,175 shares in the company, valued at approximately $13,049,261.75. This represents a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bing Xue sold 1,242 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $35.00, for a total value of $43,470.00. Following the completion of the sale, the executive vice president now owns 115,368 shares of the company’s stock, valued at $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,124 shares of company stock worth $2,500,685 over the last three months. Corporate insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Company 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.