State Street Corp Grows Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

State Street Corp lifted its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 33.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,341,290 shares of the semiconductor company's stock after acquiring an additional 334,657 shares during the period. State Street Corp owned 4.62% of Alpha and Omega Semiconductor worth $49,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AOSL. The Manufacturers Life Insurance Company increased its position in shares of Alpha and Omega Semiconductor by 15.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company's stock valued at $48,007,000 after acquiring an additional 169,619 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company's stock worth $17,625,000 after purchasing an additional 25,100 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Alpha and Omega Semiconductor by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock worth $17,503,000 after purchasing an additional 247,051 shares during the period. Peregrine Capital Management LLC raised its position in Alpha and Omega Semiconductor by 14.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company's stock valued at $12,657,000 after purchasing an additional 43,031 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Alpha and Omega Semiconductor by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company's stock valued at $6,362,000 after acquiring an additional 7,312 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AOSL. Benchmark restated a "buy" rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. B. Riley decreased their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. StockNews.com lowered Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Wednesday, December 11th. Finally, Stifel Nicolaus decreased their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In related news, Director Claudia Chen sold 5,623 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total value of $288,291.21. Following the completion of the sale, the director now owns 26,572 shares in the company, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Wenjun Li sold 2,183 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,065 shares of company stock worth $2,534,690. Company insiders own 16.90% of the company's stock.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock traded up $0.79 during midday trading on Friday, hitting $38.31. The company had a trading volume of 1,175,347 shares, compared to its average volume of 340,866. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -57.18 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company's 50 day simple moving average is $37.25 and its 200 day simple moving average is $36.79. Alpha and Omega Semiconductor Limited has a 52-week low of $19.38 and a 52-week high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $181.89 million for the quarter, compared to analyst estimates of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Alpha and Omega Semiconductor's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal 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.