Wellington Management Group LLP Decreases Stock Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Wellington Management Group LLP cut its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Free Report) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 563,245 shares of the semiconductor company's stock after selling 247,188 shares during the quarter. Wellington Management Group LLP owned approximately 1.94% of Alpha and Omega Semiconductor worth $20,908,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Alpha and Omega Semiconductor during the 2nd quarter worth about $1,040,000. SummerHaven Investment Management LLC boosted its position in Alpha and Omega Semiconductor by 2.2% during the second 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 in the last quarter. Louisiana State Employees Retirement System raised its holdings in Alpha and Omega Semiconductor by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company's stock worth $437,000 after purchasing an additional 400 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Alpha and Omega Semiconductor by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company's stock valued at $6,362,000 after buying an additional 7,312 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in Alpha and Omega Semiconductor by 14.6% during the second 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 during the last quarter. Hedge funds and other institutional investors own 78.97% of the company's stock.

Insider Transactions at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 1,883 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $47.38, for a total transaction of $89,216.54. Following the transaction, the executive vice president now directly owns 127,103 shares in the company, valued at approximately $6,022,140.14. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Claudia Chen sold 5,623 shares of the stock in a transaction that occurred on 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 directly owns 26,572 shares of the company's stock, valued at approximately $1,362,346.44. This represents a 17.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock valued at $2,534,690 over the last 90 days. Corporate insiders own 16.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AOSL. Stifel Nicolaus dropped their target price 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 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 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 research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a report on Wednesday.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL traded down $1.98 during trading hours on Friday, reaching $45.20. The company had a trading volume of 744,709 shares, compared to its average volume of 317,606. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-year high of $53.29. The business's 50 day moving average price is $36.82 and its 200-day moving average price is $36.46. The firm has a market cap of $1.31 billion, a PE ratio of -67.46 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million during 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%. The company's revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. Research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current 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.