Harvest Fund Management Co. Ltd Takes Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Harvest Fund Management Co. Ltd purchased a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 25,000 shares of the semiconductor company’s stock, valued at approximately $901,000.

Several other hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its position in shares of Alpha and Omega Semiconductor by 47.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 291 shares in the last quarter. BNP Paribas Financial Markets grew its position in Alpha and Omega Semiconductor by 4.9% during the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock worth $403,000 after buying an additional 508 shares in the last quarter. IFP Advisors Inc grew its position in Alpha and Omega Semiconductor by 276.8% during the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after buying an additional 548 shares in the last quarter. Larson Financial Group LLC purchased a new position in Alpha and Omega Semiconductor during the fourth quarter worth about $38,000. Finally, HighTower Advisors LLC grew its position in Alpha and Omega Semiconductor by 19.4% during the fourth quarter. HighTower Advisors LLC now owns 6,501 shares of the semiconductor company’s stock worth $241,000 after buying an additional 1,054 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,242 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was 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 approximately $4,037,880. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Trading Down 2.1 %

Shares of AOSL stock opened at $26.72 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $34.10 and a two-hundred day moving average price of $35.98. Alpha and Omega Semiconductor Limited has a 12-month low of $19.38 and a 12-month high of $53.29. The firm has a market cap of $785.97 million, a P/E ratio of -33.40 and a beta of 2.56.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. Equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on AOSL shares. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Benchmark boosted their target price on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.

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.