Raymond James Financial Inc. bought a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 24,897 shares of the semiconductor company's stock, valued at approximately $922,000. Raymond James Financial Inc. owned 0.09% of Alpha and Omega Semiconductor as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the business. IFP Advisors Inc increased its holdings in 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 buying an additional 548 shares during the period. HighTower Advisors LLC bought a new stake in Alpha and Omega Semiconductor during the third quarter valued at about $205,000. Intech Investment Management LLC purchased a new position in Alpha and Omega Semiconductor in the third quarter valued at about $219,000. BNP Paribas Financial Markets raised its holdings in Alpha and Omega Semiconductor by 4.9% in the third 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 in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company's stock valued at $510,000 after buying an additional 1,096 shares in the last quarter. Institutional investors own 78.97% of the company's stock.
Analysts Set New Price Targets
AOSL has been the subject of several recent analyst reports. Benchmark raised their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. StockNews.com upgraded Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday, March 7th.
Read Our Latest Analysis on Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Stock Performance
Alpha and Omega Semiconductor stock traded up $4.98 during mid-day trading on Wednesday, reaching $22.84. 691,049 shares of the company traded hands, compared to its average volume of 468,751. The firm's fifty day moving average is $29.39 and its two-hundred day moving average is $34.68. The company has a market capitalization of $671.84 million, a price-to-earnings ratio of -28.55 and a beta of 2.48. Alpha and Omega Semiconductor Limited has a fifty-two week low of $16.38 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50.
Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.
Insider Transactions 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 shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the completion of the transaction, the executive vice president now 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 SEC, which is available at this hyperlink. Company insiders own 16.90% of the company's stock.
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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