Renaissance Technologies LLC Increases Stock Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Renaissance Technologies LLC boosted its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 162.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,200 shares of the semiconductor company's stock after acquiring an additional 81,800 shares during the period. Renaissance Technologies LLC owned about 0.46% of Alpha and Omega Semiconductor worth $4,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Alpha and Omega Semiconductor by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company's stock worth $89,303,000 after purchasing an additional 14,070 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Alpha and Omega Semiconductor by 12.4% in the fourth quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company's stock worth $23,453,000 after acquiring an additional 70,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Alpha and Omega Semiconductor by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 580,556 shares of the semiconductor company's stock valued at $21,503,000 after acquiring an additional 1,851 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 224,809 shares of the semiconductor company's stock valued at $8,325,000 after acquiring an additional 1,449 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter valued at $8,014,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AOSL shares. StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Thursday, April 17th. Benchmark upped their price objective 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. Finally, Stifel Nicolaus lowered their target price on shares of 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.

Alpha and Omega Semiconductor Trading Up 11.5 %

AOSL traded up $2.00 during midday trading on Thursday, hitting $19.43. The company's stock had a trading volume of 385,954 shares, compared to its average volume of 636,657. Alpha and Omega Semiconductor Limited has a 52-week low of $15.90 and a 52-week high of $53.29. The firm has a 50-day moving average price of $25.32 and a two-hundred day moving average price of $33.42. The company has a current ratio of 2.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $571.50 million, a P/E ratio of -24.29 and a beta of 2.48.

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 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%. On average, research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share 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.