JPMorgan Chase & Co. Grows Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

JPMorgan Chase & Co. increased its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 42.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,608 shares of the semiconductor company's stock after purchasing an additional 10,921 shares during the period. JPMorgan Chase & Co. owned 0.13% of Alpha and Omega Semiconductor worth $1,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Truvestments Capital LLC bought a new position in Alpha and Omega Semiconductor during the third quarter valued at approximately $45,000. Point72 DIFC Ltd purchased a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at $47,000. Hollencrest Capital Management bought a new stake in Alpha and Omega Semiconductor in the third quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at $62,000. Finally, Farther Finance Advisors LLC lifted its position in Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock valued at $66,000 after purchasing an additional 1,750 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 31,004 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total value of $1,525,706.84. Following the completion of the transaction, the chief financial officer now owns 265,175 shares of the company's stock, valued at approximately $13,049,261.75. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,124 shares of company stock worth $2,500,685. 16.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AOSL shares. Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Tuesday, December 24th. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating on the stock in a research note on Wednesday, November 6th. Finally, B. Riley dropped their price target on shares of 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.

Alpha and Omega Semiconductor Stock Up 3.5 %

Shares of NASDAQ AOSL traded up $1.37 during trading hours on Friday, hitting $40.70. 902,415 shares of the stock were exchanged, compared to its average volume of 571,734. 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 fifty day moving average price of $40.19 and a 200-day moving average price of $37.79. 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 company has a market cap of $1.18 billion, a PE ratio of -60.75 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results 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 firm 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%. Alpha and Omega Semiconductor's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

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.