Point72 Asset Management L.P. Boosts Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Point72 Asset Management L.P. boosted its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 110.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,535 shares of the semiconductor company's stock after acquiring an additional 247,051 shares during the period. Point72 Asset Management L.P. owned about 1.62% of Alpha and Omega Semiconductor worth $17,503,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AOSL. The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company's stock valued at $48,007,000 after purchasing an additional 169,619 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company's stock valued at $17,625,000 after acquiring an additional 25,100 shares during the period. Peregrine Capital Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 14.6% in the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company's stock valued at $12,657,000 after acquiring an additional 43,031 shares during the period. Bank of New York Mellon Corp grew its position in shares of Alpha and Omega Semiconductor by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company's stock worth $6,362,000 after acquiring an additional 7,312 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Alpha and Omega Semiconductor by 867.6% in the 2nd 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 period. Institutional investors and hedge funds own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ:AOSL traded up $1.20 during midday trading on Friday, hitting $48.43. The stock had a trading volume of 664,206 shares, compared to its average volume of 915,754. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $35.71 and a two-hundred day moving average price of $35.77. 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 - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business 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 company's revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Claudia Chen sold 5,623 shares of Alpha and Omega Semiconductor stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the transaction, the director now owns 26,572 shares of the company's stock, valued at $1,362,346.44. The trade was a 17.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Yifan Liang sold 31,004 shares of Alpha and Omega Semiconductor stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total value of $1,525,706.84. Following the transaction, the chief financial officer now directly owns 265,175 shares of the company's stock, valued at $13,049,261.75. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,182 shares of company stock valued at $2,445,473. Corporate insiders own 16.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AOSL shares. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Monday, December 2nd. Benchmark reissued a "buy" rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a research note on Wednesday, November 6th. Finally, B. Riley lowered their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th.

About Alpha and Omega Semiconductor

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.