Corebridge Financial Inc. Decreases Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Corebridge Financial Inc. trimmed its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,673 shares of the semiconductor company’s stock after selling 851 shares during the quarter. Corebridge Financial Inc.’s holdings in Alpha and Omega Semiconductor were worth $469,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of Alpha and Omega Semiconductor by 276.8% during the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 548 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Alpha and Omega Semiconductor by 47.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company’s stock worth $34,000 after buying an additional 291 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Alpha and Omega Semiconductor in the 4th quarter valued at $38,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter worth $167,000. Finally, HighTower Advisors LLC purchased a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter worth $205,000. 78.97% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Trading Down 7.6 %

NASDAQ AOSL opened at $17.86 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. The stock has a market capitalization of $525.35 million, a P/E ratio of -22.33 and a beta of 2.48. The firm’s 50-day moving average is $29.99 and its two-hundred day moving average is $34.85. Alpha and Omega Semiconductor Limited has a 12 month low of $16.38 and a 12 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 analysts’ consensus estimates 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 anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

Insider Activity

In related news, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $35.00, for a total value of $43,470.00. Following the completion of the transaction, the executive vice president now owns 115,368 shares in the company, valued at approximately $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

AOSL has been the subject of several recent analyst reports. Benchmark raised their price objective on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, March 7th.

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.