Invesco Ltd. Reduces Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Invesco Ltd. decreased its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 80.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 149,173 shares of the semiconductor company's stock after selling 610,187 shares during the period. Invesco Ltd. owned 0.51% of Alpha and Omega Semiconductor worth $5,524,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Alpha and Omega Semiconductor by 276.8% in the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 548 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of 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 acquiring an additional 291 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Alpha and Omega Semiconductor during the 4th quarter valued at about $38,000. CIBC Private Wealth Group LLC bought a new stake in Alpha and Omega Semiconductor during the 4th quarter valued at approximately $39,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Alpha and Omega Semiconductor in the fourth quarter worth $167,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL traded up $0.06 during mid-day trading on Tuesday, reaching $19.10. The stock had a trading volume of 383,597 shares, compared to its average volume of 498,959. The company has a market cap of $561.83 million, a P/E ratio of -23.88 and a beta of 2.48. The business's 50 day moving average price is $24.33 and its 200 day moving average price is $33.02. 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 Limited has a 1 year low of $15.90 and a 1 year high of $53.29.

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

Analyst Ratings Changes

AOSL has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, April 17th. Benchmark raised 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. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday.

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.