Principal Financial Group Inc. Sells 2,704 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. lowered its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,971 shares of the semiconductor company’s stock after selling 2,704 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of Alpha and Omega Semiconductor worth $4,156,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its stake in Alpha and Omega Semiconductor by 33.2% in the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after purchasing an additional 334,657 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Alpha and Omega Semiconductor by 15.2% during 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 buying an additional 169,619 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after acquiring an additional 31,286 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 5.6% during 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 acquiring an additional 25,100 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in Alpha and Omega Semiconductor by 110.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Price Performance

Alpha and Omega Semiconductor stock opened at $36.54 on Friday. The stock’s 50 day moving average is $37.53 and its 200 day moving average is $37.40. Alpha and Omega Semiconductor Limited has a one year low of $19.38 and a one year high of $53.29. The firm has a market cap of $1.06 billion, a P/E ratio of -54.54 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (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 firm had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. 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. B. Riley cut 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 report on Tuesday, November 5th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Insiders Place Their Bets

In related news, Director Lucas S. Chang sold 12,497 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.46, for a total transaction of $518,125.62. Following the transaction, the director now directly owns 25,204 shares of the company’s stock, valued at $1,044,957.84. This represents a 33.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bing Xue sold 875 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction 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 $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,065 shares of company stock worth $2,534,690. Company insiders own 16.90% of the company’s stock.

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.