Comerica Bank Buys Shares of 18,330 Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Comerica Bank bought a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSLGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,330 shares of the semiconductor company’s stock, valued at approximately $681,000. Comerica Bank owned 0.07% of Alpha and Omega Semiconductor at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Alpha and Omega Semiconductor by 19.2% in the first quarter. Vanguard Group Inc. now owns 1,958,742 shares of the semiconductor company’s stock valued at $107,047,000 after acquiring an additional 315,805 shares during the period. Dimensional Fund Advisors LP grew its stake in Alpha and Omega Semiconductor by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,870,849 shares of the semiconductor company’s stock valued at $102,252,000 after acquiring an additional 11,313 shares during the period. BlackRock Inc. boosted its position in shares of Alpha and Omega Semiconductor by 0.5% during the first quarter. BlackRock Inc. now owns 1,460,977 shares of the semiconductor company’s stock worth $79,842,000 after buying an additional 7,050 shares during the period. State Street Corp boosted its position in shares of Alpha and Omega Semiconductor by 26.5% during the first quarter. State Street Corp now owns 1,140,733 shares of the semiconductor company’s stock worth $62,341,000 after buying an additional 238,856 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Alpha and Omega Semiconductor by 202.9% during the first quarter. Invesco Ltd. now owns 559,857 shares of the semiconductor company’s stock worth $30,596,000 after buying an additional 375,053 shares during the period. 67.27% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $32.65 on Friday. Alpha and Omega Semiconductor Limited has a 52-week low of $27.38 and a 52-week high of $69.99. The firm has a market capitalization of $894.61 million, a PE ratio of 2.03 and a beta of 2.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.46 and a current ratio of 2.05. The business’s 50-day simple moving average is $33.00 and its 200 day simple moving average is $36.89.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last released its earnings results on Wednesday, August 10th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06. Alpha and Omega Semiconductor had a return on equity of 12.93% and a net margin of 58.28%. The business had revenue of $193.96 million for the quarter, compared to analyst estimates of $190.00 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. Alpha and Omega Semiconductor’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that Alpha and Omega Semiconductor Limited will post 3.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Benchmark reduced their price objective on Alpha and Omega Semiconductor from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. StockNews.com assumed coverage on Alpha and Omega Semiconductor in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, B. Riley reduced their price objective on Alpha and Omega Semiconductor from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, October 4th.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 2,487 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $30.30, for a total value of $75,356.10. Following the sale, the executive vice president now owns 55,252 shares in the company, valued at $1,674,135.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 2,487 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $30.30, for a total value of $75,356.10. Following the sale, the executive vice president now owns 55,252 shares in the company, valued at $1,674,135.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Salameh sold 5,892 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $42.56, for a total value of $250,763.52. Following the completion of the sale, the director now owns 45,033 shares in the company, valued at approximately $1,916,604.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,561 shares of company stock worth $454,998. Corporate insiders own 18.90% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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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.

See Also

Institutional Ownership by Quarter for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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