HighTower Advisors LLC Takes $205,000 Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

HighTower Advisors LLC acquired a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,447 shares of the semiconductor company’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently added to or reduced their stakes in AOSL. The Manufacturers Life Insurance Company lifted its position in shares of Alpha and Omega Semiconductor by 15.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares during the period. First Eagle Investment Management LLC raised its holdings in Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after purchasing an additional 25,100 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Alpha and Omega Semiconductor during the second quarter worth $8,389,000. Bank of New York Mellon Corp boosted its position in Alpha and Omega Semiconductor by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock worth $6,362,000 after purchasing an additional 7,312 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in 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 purchasing an additional 123,093 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Insider Activity

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the transaction, the director now owns 26,572 shares of the company’s stock, valued at $1,362,346.44. This trade represents a 17.47 % 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, EVP Bing Xue sold 875 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total transaction of $35,875.00. Following the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,065 shares of company stock valued at $2,534,690 over the last quarter. Company insiders own 16.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AOSL shares. B. Riley decreased their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday.

Alpha and Omega Semiconductor Trading Up 2.1 %

Shares of AOSL stock opened at $39.78 on Thursday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -59.37 and a beta of 2.48. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $37.32 and a 200 day moving average price of $37.10. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data 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). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the firm earned $0.30 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

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.