Principal Financial Group Inc. Buys 3,474 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. grew its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,445 shares of the semiconductor company’s stock after purchasing an additional 3,474 shares during the period. Principal Financial Group Inc. owned about 0.40% of Alpha and Omega Semiconductor worth $4,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Alpha and Omega Semiconductor by 4.9% in the third quarter. BNP Paribas Financial Markets now owns 10,853 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 508 shares during the period. Franklin Resources Inc. grew its holdings in Alpha and Omega Semiconductor by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after acquiring an additional 1,096 shares during the last quarter. Truvestments Capital LLC acquired a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at approximately $45,000. Hollencrest Capital Management bought a new position in shares of Alpha and Omega Semiconductor during the third quarter valued at $56,000. Finally, Farther Finance Advisors LLC lifted 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 purchasing an additional 1,750 shares during the period. 78.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. B. Riley decreased their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. Finally, Benchmark upped their target price on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ AOSL opened at $27.63 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $812.74 million, a PE ratio of -34.54 and a beta of 2.47. The firm has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $37.01. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. On average, sell-side analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Yifan Liang sold 31,004 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the completion of the sale, the chief financial officer now owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This trade represents a 10.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bing Xue sold 1,883 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $47.38, for a total transaction of $89,216.54. Following the transaction, the executive vice president now owns 127,103 shares in the company, valued at $6,022,140.14. The trade was a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,752 shares of company stock worth $1,946,685. 16.90% of the stock is owned by corporate insiders.

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.