Connor Clark & Lunn Investment Management Ltd. decreased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 41.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,829 shares of the semiconductor company's stock after selling 34,821 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Alpha and Omega Semiconductor worth $1,808,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Alpha and Omega Semiconductor by 5.2% in the third quarter. Empowered Funds LLC now owns 40,303 shares of the semiconductor company's stock valued at $1,496,000 after acquiring an additional 2,010 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at $219,000. Kingsview Wealth Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 70.8% in the third quarter. Kingsview Wealth Management LLC now owns 13,984 shares of the semiconductor company's stock valued at $519,000 after acquiring an additional 5,797 shares in the last quarter. Algert Global LLC lifted its position in shares of Alpha and Omega Semiconductor by 172.8% in the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company's stock valued at $3,338,000 after acquiring an additional 56,962 shares in the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at $408,000. Institutional investors and hedge funds own 78.97% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Benchmark upped their price objective on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Thursday, February 6th.
Check Out Our Latest Analysis on Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Trading Down 1.6 %
NASDAQ AOSL traded down $0.43 during trading hours on Friday, hitting $26.29. 713,538 shares of the company's stock were exchanged, compared to its average volume of 441,020. The business's 50 day moving average is $33.91 and its 200-day moving average is $35.88. 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 capitalization of $773.32 million, a P/E ratio of -32.86 and a beta of 2.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share 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%. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.
Insider Transactions at Alpha and Omega Semiconductor
In other news, EVP Bing Xue sold 1,242 shares of the firm'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 transaction, the executive vice president now directly owns 115,368 shares in the company, valued at $4,037,880. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 16.90% of the company's stock.
About Alpha and Omega Semiconductor
(
Free Report)
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.
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