Fmr LLC Cuts Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

FMR LLC reduced its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 518,318 shares of the semiconductor company's stock after selling 69,457 shares during the period. FMR LLC owned about 1.79% of Alpha and Omega Semiconductor worth $19,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AOSL. Louisiana State Employees Retirement System raised its holdings in shares of Alpha and Omega Semiconductor by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock valued at $437,000 after purchasing an additional 400 shares during the period. SummerHaven Investment Management LLC grew its stake in Alpha and Omega Semiconductor by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company's stock valued at $878,000 after buying an additional 511 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Alpha and Omega Semiconductor by 4.8% during the 1st 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 in the last quarter. Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth $36,000. Finally, Truvestments Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $45,000. Institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Stock Up 4.5 %

AOSL stock traded up $2.12 during midday trading on Wednesday, hitting $48.88. The company's stock had a trading volume of 653,033 shares, compared to its average volume of 315,080. The company has a market cap of $1.42 billion, a PE ratio of -69.79 and a beta of 2.48. The firm's 50-day moving average is $36.16 and its 200-day moving average is $36.18. Alpha and Omega Semiconductor Limited has a 12 month low of $19.38 and a 12 month high of $53.29. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $181.89 million for 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 prior year, the business earned $0.30 EPS. On average, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 sale, the chief financial officer now owns 265,175 shares of the company's stock, valued at approximately $13,049,261.75. The trade was a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Claudia Chen sold 5,623 shares of Alpha and Omega Semiconductor stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the transaction, the director now owns 26,572 shares in the company, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,182 shares of company stock worth $2,445,473 in the last quarter. 16.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AOSL shares. Benchmark restated a "buy" rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating on the stock in a report on Wednesday, November 6th. B. Riley lowered 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 note on Tuesday, November 5th. Finally, StockNews.com cut shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Wednesday.

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.