Connor Clark & Lunn Investment Management Ltd. Trims Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 16.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,650 shares of the semiconductor company’s stock after selling 16,372 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.29% of Alpha and Omega Semiconductor worth $3,105,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AOSL. Empowered Funds LLC raised its holdings in shares of Alpha and Omega Semiconductor by 5.2% in the third quarter. Empowered Funds LLC now owns 40,303 shares of the semiconductor company’s stock worth $1,496,000 after acquiring an additional 2,010 shares during the last quarter. Hollencrest Capital Management acquired a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at about $56,000. Summit Global Investments purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at about $645,000. Olympiad Research LP acquired a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter worth about $668,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,750 shares in the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AOSL. Stifel Nicolaus reduced their price objective on shares of 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 decreased their price objective on 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 lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Benchmark reissued 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.

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at approximately $2,176,637.19. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Stock Down 4.4 %

Shares of AOSL opened at $38.63 on Monday. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The company’s fifty day moving average is $34.31 and its two-hundred day moving average is $34.75. The firm has a market cap of $1.12 billion, a PE ratio of -57.66 and a beta of 2.42. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its 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). The firm had revenue of $181.89 million during the quarter, compared to analyst estimates 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%. Alpha and Omega Semiconductor’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. Analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

Alpha and Omega Semiconductor Company 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.