Franklin Resources Inc. Boosts Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Franklin Resources Inc. increased its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,276 shares of the semiconductor company’s stock after acquiring an additional 1,096 shares during the quarter. Franklin Resources Inc.’s holdings in Alpha and Omega Semiconductor were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AOSL. Barclays PLC increased its stake in shares of Alpha and Omega Semiconductor by 367.4% in the third quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock worth $1,498,000 after purchasing an additional 31,725 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 worth $21,486,000 after buying an additional 31,286 shares in the last quarter. Zacks Investment Management raised its holdings in Alpha and Omega Semiconductor by 12.1% during the third quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock valued at $2,501,000 after acquiring an additional 7,294 shares during the period. Jane Street Group LLC lifted its position in shares of Alpha and Omega Semiconductor by 77.2% in the third quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company’s stock valued at $2,051,000 after acquiring an additional 24,067 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after acquiring an additional 334,657 shares during the period. Institutional investors own 78.97% of the company’s stock.

Insider Buying and Selling

In other news, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total value of $1,525,706.84. Following the completion of the sale, the chief financial officer now owns 265,175 shares of the company’s stock, valued at approximately $13,049,261.75. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 128,986 shares in the company, valued at approximately $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 three months, insiders sold 54,065 shares of company stock valued at $2,534,690. Insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AOSL shares. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. B. Riley lowered 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 report on Tuesday, November 5th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Down 3.8 %

Shares of NASDAQ AOSL opened at $36.92 on Tuesday. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-year high of $53.29. 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 business’s 50 day moving average is $37.46 and its two-hundred day moving average is $37.36. The stock has a market capitalization of $1.07 billion, a P/E ratio of -55.10 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 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. As a group, research analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current year.

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.