Mork Capital Management LLC Reduces Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Mork Capital Management LLC cut its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 40.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the semiconductor company's stock after selling 20,000 shares during the quarter. Mork Capital Management LLC owned approximately 0.10% of Alpha and Omega Semiconductor worth $1,114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Louisiana State Employees Retirement System raised its stake in Alpha and Omega Semiconductor by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock worth $437,000 after acquiring an additional 400 shares during the period. BNP Paribas Financial Markets grew its holdings in 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 valued at $403,000 after buying an additional 508 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Alpha and Omega Semiconductor by 2.2% during 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. Finally, Gladius Capital Management LP purchased a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $36,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AOSL has been the subject of a number of research analyst reports. B. Riley cut their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a report on Wednesday, November 6th. Benchmark reissued a "buy" rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Monday.

Alpha and Omega Semiconductor Trading Up 5.0 %

NASDAQ AOSL traded up $2.33 on Wednesday, hitting $48.88. 1,452,765 shares of the stock were exchanged, compared to its average volume of 304,159. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The stock has a fifty day moving average price of $35.04 and a two-hundred day moving average price of $35.44. The firm has a market capitalization of $1.42 billion, a P/E ratio of -75.04 and a beta of 2.48. Alpha and Omega Semiconductor Limited has a 52-week low of $19.38 and a 52-week high of $51.69.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The firm had revenue of $181.89 million for the quarter, compared to analysts' expectations of $180.07 million. During the same period in the previous year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. Research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Alpha and Omega Semiconductor 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.