Royce & Associates LP Sells 44,472 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Royce & Associates LP reduced its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 10.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 367,594 shares of the semiconductor company's stock after selling 44,472 shares during the period. Royce & Associates LP owned about 1.27% of Alpha and Omega Semiconductor worth $13,612,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State Street Corp grew its holdings in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company's stock valued at $49,789,000 after purchasing an additional 334,657 shares during the period. Geode Capital Management LLC grew its stake in shares of Alpha and Omega Semiconductor by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company's stock worth $21,486,000 after acquiring an additional 31,286 shares during the period. Point72 Asset Management L.P. increased its holdings in Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock worth $17,503,000 after acquiring an additional 247,051 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Alpha and Omega Semiconductor by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 224,809 shares of the semiconductor company's stock worth $8,325,000 after acquiring an additional 1,449 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in Alpha and Omega Semiconductor in the 4th quarter valued at about $8,014,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

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Alpha and Omega Semiconductor Price Performance

Shares of AOSL traded down $0.43 during midday trading on Friday, hitting $26.29. 713,538 shares of the company traded hands, compared to its average volume of 440,138. Alpha and Omega Semiconductor Limited has a one year low of $19.38 and a one year high of $53.29. The firm has a market cap of $773.32 million, a P/E ratio of -32.86 and a beta of 2.56. 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 stock has a 50-day moving average of $34.10 and a 200-day moving average of $35.98.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted 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 return on equity of 0.23% and a negative net margin of 3.46%. As a group, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

AOSL has been the subject of several recent research reports. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Benchmark boosted 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 report on Thursday, February 6th.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,242 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $35.00, for a total value of $43,470.00. Following the sale, 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 SEC, which is available through the SEC website. 16.90% of the stock is currently owned by company insiders.

Alpha and Omega Semiconductor Company 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.