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

Wellington Management Group LLP raised its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 18.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 348,703 shares of the semiconductor company’s stock after purchasing an additional 55,403 shares during the period. Wellington Management Group LLP owned approximately 1.23% of Alpha and Omega Semiconductor worth $9,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pineridge Advisors LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter valued at $30,000. Summit Global Investments bought a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter worth approximately $236,000. Louisiana State Employees Retirement System purchased a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at approximately $294,000. Semanteon Capital Management LP purchased a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at approximately $482,000. Finally, Raymond James & Associates boosted its holdings in Alpha and Omega Semiconductor by 8.5% in the fourth quarter. Raymond James & Associates now owns 19,510 shares of the semiconductor company’s stock worth $508,000 after purchasing an additional 1,533 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Trading Down 4.3 %

NASDAQ:AOSL opened at $35.77 on Friday. Alpha and Omega Semiconductor Limited has a one year low of $19.38 and a one year high of $37.57. The business has a fifty day moving average price of $27.57 and a 200-day moving average price of $25.26. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -105.21 and a beta of 2.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.47 and a quick ratio of 1.23.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The business had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.13 million. During the same quarter in the previous year, the firm earned ($0.59) earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,956 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the transaction, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AOSL shares. Stifel Nicolaus decreased their target price on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, April 18th. B. Riley increased their target price on Alpha and Omega Semiconductor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Alpha and Omega Semiconductor 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.