Arizona State Retirement System Invests $251,000 in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Arizona State Retirement System acquired a new position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,728 shares of the semiconductor company’s stock, valued at approximately $251,000.

A number of other hedge funds also recently modified their holdings of the business. Pineridge Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor during the fourth quarter worth about $30,000. Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. nVerses Capital LLC bought a new stake in Alpha and Omega Semiconductor in the second quarter valued at approximately $116,000. Overbrook Management Corp acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at $260,000. Finally, Versor Investments LP acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $266,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

Wall Street Analyst Weigh In

AOSL has been the subject of several recent research reports. Benchmark boosted their price target 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. StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus raised their target price on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Finally, B. Riley boosted their price target on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 11th.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL opened at $34.92 on Wednesday. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The company has a 50 day simple moving average of $38.43 and a two-hundred day simple moving average of $30.68. The company has a market capitalization of $1.00 billion, a PE ratio of -102.71 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.03 million. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -1.06 earnings per share for the current year.

Insider Activity

In other news, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was 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 owns 296,294 shares in the company, valued at $10,548,066.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was 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 of the company’s stock, valued at approximately $10,548,066.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

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.