Olympiad Research LP Acquires Shares of 18,006 Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Olympiad Research LP acquired a new stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,006 shares of the semiconductor company’s stock, valued at approximately $668,000. Olympiad Research LP owned approximately 0.06% of Alpha and Omega Semiconductor as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AOSL. Point72 Asset Management L.P. purchased a new position in Alpha and Omega Semiconductor during the second quarter valued at $8,389,000. The Manufacturers Life Insurance Company raised its position in shares of Alpha and Omega Semiconductor by 15.2% in 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 buying an additional 169,619 shares during the last quarter. Millennium Management LLC raised its position in shares of Alpha and Omega Semiconductor by 867.6% in the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after buying an additional 123,093 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Alpha and Omega Semiconductor by 101.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after buying an additional 100,591 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Alpha and Omega Semiconductor by 18.9% in the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after buying an additional 71,000 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock opened at $27.34 on Thursday. Alpha and Omega Semiconductor Limited has a 12-month low of $19.38 and a 12-month high of $47.45. The stock has a market cap of $793.13 million, a P/E ratio of -70.10 and a beta of 2.42. The company has a 50-day moving average price of $35.72 and a 200 day moving average price of $34.01. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its 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 analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,560 shares of company stock valued at $562,003 over the last 90 days. 16.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on AOSL. StockNews.com cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday. B. Riley reduced their target price 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. Finally, Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday.

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.