Millennium Management LLC Raises Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Millennium Management LLC boosted its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 867.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 137,280 shares of the semiconductor company’s stock after buying an additional 123,093 shares during the quarter. Millennium Management LLC’s holdings in Alpha and Omega Semiconductor were worth $5,130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after buying an additional 40,183 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in 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 worth $48,007,000 after buying an additional 169,619 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after purchasing an additional 25,100 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Alpha and Omega Semiconductor by 18.9% during the fourth quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after purchasing an additional 55,403 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Alpha and Omega Semiconductor by 14.6% during the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after purchasing an additional 43,031 shares in the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AOSL. 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 note on Thursday, July 18th. Benchmark raised their target price 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. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th. Finally, B. Riley raised their target price on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 11th.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL opened at $38.56 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of -113.41 and a beta of 2.41. 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 firm has a 50 day moving average of $36.15 and a 200 day moving average of $32.16. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. The company had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.03 million. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. As a group, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.32 earnings per share for the current fiscal year.

About Alpha and Omega Semiconductor

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.