Pinpoint Asset Management Ltd acquired a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,959 shares of the semiconductor company's stock, valued at approximately $480,000.
Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in shares of Alpha and Omega Semiconductor by 276.8% during 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 period. PNC Financial Services Group Inc. raised its stake in Alpha and Omega Semiconductor by 47.2% during the 4th 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 during the period. Larson Financial Group LLC purchased a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter valued at $38,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter worth $39,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at $167,000. 78.97% of the stock is owned by hedge funds and other institutional investors.
Alpha and Omega Semiconductor Stock Performance
AOSL traded up $0.51 on Wednesday, hitting $18.37. The company had a trading volume of 138,476 shares, compared to its average volume of 464,981. Alpha and Omega Semiconductor Limited has a 1-year low of $16.38 and a 1-year high of $53.29. The stock has a market cap of $540.47 million, a price-to-earnings ratio of -23.13 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. The company's fifty day moving average price is $29.99 and its 200 day moving average price is $34.85.
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%. Equities analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on AOSL. Benchmark increased their price objective on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.
View Our Latest Report on Alpha and Omega Semiconductor
Insider Buying and Selling at Alpha and Omega Semiconductor
In related news, EVP Bing Xue sold 1,242 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 115,368 shares of the company's stock, valued at $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.90% of the company's stock.
Alpha and Omega Semiconductor Company Profile
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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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