Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,214,631 shares of the semiconductor company's stock after selling 70,019 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.18% of Alpha and Omega Semiconductor worth $45,087,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AOSL. Vanguard Group Inc. grew its stake in shares of Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company's stock valued at $46,843,000 after buying an additional 40,183 shares in the last quarter. First Eagle Investment Management LLC grew its position in Alpha and Omega Semiconductor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company's stock valued at $17,625,000 after acquiring an additional 25,100 shares in the last quarter. Peregrine Capital Management LLC grew 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 acquiring an additional 43,031 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Alpha and Omega Semiconductor during the second quarter worth about $8,389,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Alpha and Omega Semiconductor by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company's stock worth $6,362,000 after purchasing an additional 7,312 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company's stock.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the company'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 completion of the transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 16.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AOSL. Benchmark reaffirmed a "buy" rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating on the stock in a research note on Wednesday, November 6th. B. Riley decreased their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Friday, November 22nd.

Alpha and Omega Semiconductor Stock Up 15.0 %

Shares of NASDAQ:AOSL traded up $5.42 during trading hours on Friday, reaching $41.47. The stock had a trading volume of 804,196 shares, compared to its average volume of 285,423. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $47.45. The firm's 50 day moving average is $34.54 and its 200-day moving average is $35.00. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -61.90 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). The business had revenue of $181.89 million during the quarter, compared to analysts' expectations of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. Research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

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.