Thrivent Financial for Lutherans Sells 646 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Thrivent Financial for Lutherans decreased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,654 shares of the semiconductor company’s stock after selling 646 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Alpha and Omega Semiconductor worth $692,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $36,000. Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth approximately $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter worth approximately $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at $62,000. Finally, Farther Finance Advisors LLC grew its stake in Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,750 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AOSL shares. StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday. B. Riley lowered their price target on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Finally, Benchmark restated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.90% of the stock is currently owned by insiders.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $46.55 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company has a fifty day moving average price of $35.04 and a 200-day moving average price of $35.44. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $47.45. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -69.48 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The business had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

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.