Jane Street Group LLC Buys 24,067 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Jane Street Group LLC increased its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 77.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 55,243 shares of the semiconductor company’s stock after purchasing an additional 24,067 shares during the quarter. Jane Street Group LLC owned approximately 0.19% of Alpha and Omega Semiconductor worth $2,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after acquiring an additional 334,657 shares during the period. The Manufacturers Life Insurance Company raised its stake 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 valued at $48,007,000 after purchasing an additional 169,619 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Alpha and Omega Semiconductor by 5.6% in 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 period. Point72 Asset Management L.P. boosted its stake in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after buying an additional 247,051 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in Alpha and Omega Semiconductor by 14.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after buying an additional 43,031 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Analyst Upgrades and Downgrades

AOSL has been the topic of several recent research reports. B. Riley decreased 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. Stifel Nicolaus lowered their price objective 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. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Benchmark reissued a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $39.78 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 market capitalization of $1.15 billion, a price-to-earnings ratio of -59.37 and a beta of 2.48. The firm’s fifty day moving average price is $37.26 and its two-hundred day moving average price is $37.03. Alpha and Omega Semiconductor Limited has a 1 year low of $19.38 and a 1 year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced 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 analysts’ expectations of $180.07 million. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Director Claudia Chen sold 5,623 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $51.27, for a total value of $288,291.21. Following the transaction, the director now directly owns 26,572 shares of the company’s stock, valued at approximately $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bing Xue sold 1,883 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total value of $89,216.54. Following the completion of the transaction, the executive vice president now directly owns 127,103 shares in the company, valued at approximately $6,022,140.14. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock valued at $2,534,690 in the last 90 days. Insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor 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.