Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Stock Position Lessened by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 31.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,800 shares of the semiconductor company’s stock after selling 39,900 shares during the period. Renaissance Technologies LLC owned 0.30% of Alpha and Omega Semiconductor worth $3,206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 8.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after acquiring an additional 86,366 shares during the period. CastleKnight Management LP acquired a new position in Alpha and Omega Semiconductor during the fourth quarter worth $534,000. Pineridge Advisors LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $30,000. Wellington Management Group LLP boosted its stake in shares of Alpha and Omega Semiconductor by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock worth $9,087,000 after acquiring an additional 55,403 shares in the last quarter. Finally, Overbrook Management Corp acquired a new position in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $260,000. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Down 1.3 %

Shares of AOSL opened at $37.32 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.31 and a current ratio of 2.58. The company has a 50-day simple moving average of $37.24 and a 200-day simple moving average of $31.32. 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 market capitalization of $1.07 billion, a P/E ratio of -109.76 and a beta of 2.42.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 0.33% and a negative net margin of 1.69%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. On average, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -1.06 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on AOSL shares. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, September 18th. Stifel Nicolaus boosted their target price on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research report on Thursday, July 18th. B. Riley raised their price target on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Benchmark boosted their price objective on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, June 28th.

Insiders Place Their Bets

In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the sale, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at $10,548,066.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $128,528.62. Following the completion of the transaction, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

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.