Systematic Financial Management LP Takes Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Systematic Financial Management LP purchased a new position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,923 shares of the semiconductor company’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC grew its position in Alpha and Omega Semiconductor by 172.8% in the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock valued at $3,338,000 after acquiring an additional 56,962 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of 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 purchasing an additional 25,100 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after purchasing an additional 123,093 shares during the last quarter. Farther Finance Advisors LLC increased its position in Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $8,389,000. 78.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. B. Riley decreased their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus dropped their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Monday, December 2nd.

Alpha and Omega Semiconductor Stock Up 2.5 %

Shares of NASDAQ:AOSL opened at $48.43 on Friday. Alpha and Omega Semiconductor Limited has a 12-month low of $19.38 and a 12-month high of $53.29. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.41 billion, a P/E ratio of -72.28 and a beta of 2.48. The business has a fifty day simple moving average of $35.71 and a 200 day simple moving average of $35.77.

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 analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $181.89 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. Analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the sale, the executive vice president now owns 128,986 shares of the company’s stock, valued at approximately $5,288,426. This trade represents a 0.67 % decrease in their position. 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 company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,182 shares of company stock valued at $2,445,473. 16.90% of the stock is currently owned by company insiders.

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.