Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,971 shares of the semiconductor company’s stock after selling 2,704 shares during the period. Principal Financial Group Inc. owned approximately 0.39% of Alpha and Omega Semiconductor worth $4,156,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AOSL. Gladius Capital Management LP bought a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter worth $36,000. Point72 DIFC Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $47,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $62,000. Farther Finance Advisors LLC boosted its position in shares of Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 1,750 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $116,000. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Up 32.0 %

Alpha and Omega Semiconductor stock opened at $40.13 on Friday. The company has a market capitalization of $1.16 billion, a P/E ratio of -60.30 and a beta of 2.42. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-year high of $47.45. The firm’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $34.51. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same quarter last year, the company posted $0.30 EPS. The business’s revenue was up .7% compared to the same quarter last year. Sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AOSL shares. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, B. Riley lowered their price target on shares of 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.

Insider Transactions at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.90% of the stock is owned by corporate insiders.

Alpha and Omega Semiconductor 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.