Massachusetts Financial Services Co. MA Grows Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Massachusetts Financial Services Co. MA boosted its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,054 shares of the semiconductor company’s stock after buying an additional 2,117 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Alpha and Omega Semiconductor were worth $2,356,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in Alpha and Omega Semiconductor during the fourth quarter worth $30,000. Gladius Capital Management LP acquired a new position in Alpha and Omega Semiconductor during the 2nd quarter worth about $36,000. nVerses Capital LLC purchased a new position in Alpha and Omega Semiconductor during the 2nd quarter valued at about $116,000. Arizona State Retirement System acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at about $251,000. Finally, Overbrook Management Corp purchased a new stake in Alpha and Omega Semiconductor during the first quarter worth about $260,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Trading Down 3.5 %

NASDAQ AOSL opened at $34.81 on Monday. Alpha and Omega Semiconductor Limited has a 52 week low of $19.38 and a 52 week high of $47.45. The firm has a 50 day moving average of $38.16 and a two-hundred day moving average of $30.94. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $999.12 million, a PE ratio of -102.38 and a beta of 2.42.

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

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the sale, the director now owns 33,245 shares in the company, valued at $1,265,304.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction dated 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Benchmark raised their price objective on shares of 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. B. Riley boosted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th. Finally, Stifel Nicolaus boosted their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th.

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.