Principal Financial Group Inc. Reduces Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. decreased its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,808 shares of the semiconductor company’s stock after selling 3,538 shares during the period. Principal Financial Group Inc. owned about 0.52% of Alpha and Omega Semiconductor worth $3,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. increased its stake in Alpha and Omega Semiconductor by 4,440.8% in the 1st quarter. Federated Hermes Inc. now owns 11,806 shares of the semiconductor company’s stock worth $318,000 after buying an additional 11,546 shares during the period. Affinity Investment Advisors LLC grew its stake in Alpha and Omega Semiconductor by 18.6% in the 1st quarter. Affinity Investment Advisors LLC now owns 19,201 shares of the semiconductor company’s stock worth $517,000 after acquiring an additional 3,010 shares in the last quarter. Ellevest Inc. increased its position in shares of Alpha and Omega Semiconductor by 1,325.4% during the first quarter. Ellevest Inc. now owns 2,922 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 2,717 shares during the period. Royce & Associates LP raised its stake in shares of Alpha and Omega Semiconductor by 4.3% during the first quarter. Royce & Associates LP now owns 547,418 shares of the semiconductor company’s stock valued at $14,753,000 after acquiring an additional 22,693 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Alpha and Omega Semiconductor by 34.5% during the first quarter. Texas Permanent School Fund Corp now owns 20,071 shares of the semiconductor company’s stock valued at $541,000 after acquiring an additional 5,146 shares in the last quarter. 63.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AOSL has been the topic of several research reports. Benchmark reduced their price objective on Alpha and Omega Semiconductor from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 10th. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, B. Riley lifted their price objective on Alpha and Omega Semiconductor from $28.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, August 10th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock opened at $31.71 on Friday. The firm has a market cap of $871.68 million, a price-to-earnings ratio of 85.70 and a beta of 2.50. Alpha and Omega Semiconductor Limited has a 52-week low of $20.64 and a 52-week high of $38.87. The company has a quick ratio of 1.39, a current ratio of 2.46 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $31.84 and its 200 day moving average is $28.38.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.42. The business had revenue of $161.53 million for the quarter, compared to the consensus estimate of $153.45 million. Alpha and Omega Semiconductor had a return on equity of 3.32% and a net margin of 1.79%. On average, sell-side analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 2,213 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $32.18, for a total transaction of $71,214.34. Following the completion of the sale, the executive vice president now directly owns 66,369 shares of the company’s stock, valued at $2,135,754.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 18.90% of the stock is owned by insiders.

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.