Harvest Fund Management Co. Ltd acquired a new position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,000 shares of the semiconductor company's stock, valued at approximately $901,000. Harvest Fund Management Co. Ltd owned 0.09% of Alpha and Omega Semiconductor as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 47.2% during 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 raised its position in shares of Alpha and Omega Semiconductor by 4.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company's stock worth $403,000 after purchasing an additional 508 shares during the last quarter. IFP Advisors Inc lifted its stake in Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock valued at $28,000 after buying an additional 548 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Alpha and Omega Semiconductor in the 4th quarter worth about $38,000. Finally, HighTower Advisors LLC increased its stake in Alpha and Omega Semiconductor by 19.4% during the 4th 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 owned by hedge funds and other institutional investors.
Insider Activity
In related news, EVP Bing Xue sold 1,242 shares of the company's stock in a transaction that occurred on 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 approximately $4,037,880. This represents a 1.07 % decrease in their ownership of the stock. 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 Price Performance
AOSL stock traded up $0.84 during mid-day trading on Tuesday, reaching $27.82. The company's stock had a trading volume of 347,781 shares, compared to its average volume of 442,122. The stock has a market cap of $818.33 million, a PE ratio of -34.78 and a beta of 2.56. The company's 50 day moving average is $33.74 and its two-hundred day moving average is $35.82. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates 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 research analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on AOSL. Benchmark raised their target price 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. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Friday, March 7th.
Read Our Latest Stock Analysis on Alpha and Omega Semiconductor
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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