Royce & Associates LP Sells 23,208 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Royce & Associates LP cut its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,066 shares of the semiconductor company's stock after selling 23,208 shares during the quarter. Royce & Associates LP owned 1.42% of Alpha and Omega Semiconductor worth $15,296,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Louisiana State Employees Retirement System raised its holdings in shares of Alpha and Omega Semiconductor by 3.5% during the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock valued at $437,000 after acquiring an additional 400 shares during the period. SummerHaven Investment Management LLC raised its stake 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 purchasing an additional 511 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of Alpha and Omega Semiconductor by 3.2% in the first quarter. Texas Permanent School Fund Corp now owns 20,046 shares of the semiconductor company's stock valued at $442,000 after purchasing an additional 613 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Alpha and Omega Semiconductor by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company's stock worth $433,000 after buying an additional 893 shares during the period. Finally, Gladius Capital Management LP purchased a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at $36,000. 78.97% of the stock is owned by institutional investors.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, COO Wenjun Li sold 2,183 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lucas S. Chang sold 3,377 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the transaction, the director now directly owns 33,245 shares of the company's stock, valued at approximately $1,265,304.70. This represents a 9.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company's stock.

Alpha and Omega Semiconductor Stock Down 5.9 %

Shares of Alpha and Omega Semiconductor stock traded down $1.76 during trading on Friday, hitting $28.09. 633,643 shares of the stock traded hands, compared to its average volume of 254,889. The company has a fifty day moving average price of $34.32 and a two-hundred day moving average price of $34.23. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $47.45. The stock has a market cap of $815.48 million, a P/E ratio of -41.93 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its earnings results 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 business had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business's revenue was up .7% on a year-over-year basis. Equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.