Millennium Management LLC Purchases 123,093 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Millennium Management LLC lifted its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 867.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,280 shares of the semiconductor company’s stock after purchasing an additional 123,093 shares during the quarter. Millennium Management LLC owned about 0.48% of Alpha and Omega Semiconductor worth $5,130,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings 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 worth $48,007,000 after purchasing an additional 169,619 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth $62,000. Point72 DIFC Ltd bought a new position in shares of Alpha and Omega Semiconductor in the second quarter worth $47,000. Public Sector Pension Investment Board increased its stake in Alpha and Omega Semiconductor by 9.6% in the second quarter. Public Sector Pension Investment Board now owns 51,181 shares of the semiconductor company’s stock valued at $1,913,000 after acquiring an additional 4,474 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Alpha and Omega Semiconductor by 14.1% in the second quarter. Sei Investments Co. now owns 123,560 shares of the semiconductor company’s stock valued at $4,617,000 after acquiring an additional 15,259 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Up 7.4 %

Shares of NASDAQ:AOSL opened at $38.56 on Friday. The stock’s 50-day moving average price is $36.15 and its 200-day moving average price is $32.16. 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 capitalization of $1.11 billion, a P/E ratio of -113.41 and a beta of 2.41. 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 quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The firm had revenue of $161.30 million for the quarter, compared to analysts’ expectations of $160.03 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AOSL. Benchmark increased their target price on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Stifel Nicolaus increased their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. B. Riley increased their target price on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th.

Insider Transactions at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares in the company, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.90% 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.