JPMorgan Chase & Co. Increases Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

JPMorgan Chase & Co. grew its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 42.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,608 shares of the semiconductor company’s stock after acquiring an additional 10,921 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Alpha and Omega Semiconductor worth $1,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. increased its stake in Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after buying an additional 1,096 shares during the period. Barclays PLC increased its stake in Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock worth $1,498,000 after buying an additional 31,725 shares during the period. 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 during the period. Zacks Investment Management increased its stake in Alpha and Omega Semiconductor by 12.1% in the 3rd quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock worth $2,501,000 after buying an additional 7,294 shares during the period. Finally, Jane Street Group LLC increased its stake in Alpha and Omega Semiconductor by 77.2% in the 3rd quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company’s stock worth $2,051,000 after buying an additional 24,067 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AOSL shares. Benchmark reaffirmed 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. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. Stifel Nicolaus cut their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th. Finally, 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.

Alpha and Omega Semiconductor Stock Down 6.6 %

NASDAQ:AOSL opened at $39.33 on Friday. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. The stock has a market capitalization of $1.14 billion, a P/E ratio of -58.70 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company’s 50-day simple moving average is $39.74 and its 200-day simple moving average is $37.76.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results 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 the consensus estimate of $180.07 million. During the same quarter in the prior year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This represents a 10.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bing Xue sold 1,242 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the completion of the sale, the executive vice president now directly owns 115,368 shares in the company, valued at $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,124 shares of company stock valued at $2,500,685. 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.