SG Americas Securities LLC increased its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Rating) by 651.4% during the 1st quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The company held 55,647 shares of the semiconductor company after purchasing an additional 48,241 shares during the quarter. SG Americas Securities LLC’s holdings in Alpha and Omega Semiconductor were worth $3,041,000 at the end of last quarter.
Several other hedge funds have also recently increased or reduced their holdings in AOSL. Peregrine Capital Management LLC bought a new position in Alpha and Omega Semiconductor in the fourth quarter, valued at approximately $15,610,000. Penserra Capital Management LLC bought a new position in Alpha and Omega Semiconductor in the fourth quarter, valued at approximately $8,135,000. LSV Asset Management raised its position in Alpha and Omega Semiconductor by 94.6% in the fourth quarter. LSV Asset Management now owns 179,400 shares of the semiconductor company valued at $10,864,000 after purchasing an additional 87,227 shares during the period. Paradiem LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter valued at approximately $2,639,000. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Alpha and Omega Semiconductor by 78.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 81,347 shares of the semiconductor company valued at $4,926,000 after acquiring 35,762 additional shares last quarter. 60.66% of the shares are held by hedge funds and other institutional investors.
A Wall Street analyst gives his opinion
AOSL has been the subject of several recent analyst reports. Benchmark lowered its target price on Alpha and Omega Semiconductor from $78.00 to $70.00 in a Friday, May 6 research note. StockNews.com downgraded Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a Friday, May 6 research rating. TheStreet downgraded Alpha and Omega Semiconductor from a “b-” to a “c+” rating in a Wednesday, June 29 research note. Finally, B. Riley downgraded Alpha and Omega Semiconductor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $62.00 to $42.00 in a Wednesday research note. June 15.
Alpha and Omega semiconductor stock down 5.0%
NASDAQ:AOSL opened at $37.55 on Friday. The company has a market capitalization of $1.02 billion, a price-earnings ratio of 2.32 and a beta of 2.49. Alpha and Omega Semiconductor Limited has a one-year low of $23.66 and a one-year high of $69.99. The stock has a 50-day simple moving average of $37.01 and a 200-day simple moving average of $44.95. The company has a debt ratio of 0.07, a quick ratio of 1.88 and a current ratio of 2.60.
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Rating) last released quarterly results on Thursday, May 5. The semiconductor company reported EPS of $1.05 for the quarter, beating analyst consensus estimates of $0.91 by $0.14. Alpha and Omega Semiconductor achieved a return on equity of 15.07% and a net margin of 60.14%. The company posted revenue of $203.20 million in the quarter, versus a consensus estimate of $194.03 million. In the same period last year, the company earned $0.63 per share. The company’s revenue for the quarter increased by 20.1% compared to the same quarter last year. Sell-side analysts expect Alpha and Omega Semiconductor Limited to post EPS of 3.42 for the current fiscal year.
Insiders place their bets
In other Alpha and Omega Semiconductor news, Executive Vice President Bing Xue sold 1,492 shares of the company in a trade dated Thursday, June 16. The shares were sold at an average price of $34.38, for a total value of $51,294.96. Following the transaction, the executive vice president now owns 63,408 shares of the company, valued at $2,179,967.04. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. In other Alpha and Omega Semiconductor news, Executive Vice President Bing Xue sold 1,492 shares of the company in a trade dated Thursday, June 16. The shares were sold at an average price of $34.38, for a total value of $51,294.96. Following the transaction, the executive vice president now owns 63,408 shares of the company, valued at $2,179,967.04. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Michael J. Salameh sold 10,000 shares of Alpha and Omega Semiconductor in a trade that took place on Friday, May 13. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the sale, the administrator now directly owns 48,425 shares of the company, valued at approximately $1,937,000. The disclosure of this sale can be found here. Insiders sold 17,473 shares of the company valued at $671,927 during the last quarter. Insiders hold 19.90% of the shares of the company.
Alpha and Omega Semiconductor Company Profile
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Alpha and Omega Semiconductor Limited designs, develops and supplies power semiconductors for computing, consumer electronics, communication and industrial applications in Hong Kong, China, South Korea, USA and internationally. It offers discrete power products, including metal-oxide-semiconductor field-effect transistors (MOSFETs), SRFETs, XSFETs, ESD, shielded MOSFETs, high and medium voltage MOSFETs and bipolar transistors. insulated grid for use in smart phone chargers, battery packs, laptops, desktops and servers, data centers, base stations, graphics cards, game cases, televisions, AC adapters, power supplies, motor control, power tools, electric vehicles, household appliances and industrial motors, UPS systems, solar inverters, and industrial welding.
See also
Want to see which other hedge funds hold AOSL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Rating).
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