Principal Financial Group Inc. Acquires 4,660 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. increased its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 4.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,105 shares of the semiconductor company’s stock after buying an additional 4,660 shares during the period. Principal Financial Group Inc. owned about 0.41% of Alpha and Omega Semiconductor worth $2,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Acuitas Investments LLC grew its holdings in Alpha and Omega Semiconductor by 26.3% in the first quarter. Acuitas Investments LLC now owns 146,373 shares of the semiconductor company’s stock worth $3,639,000 after purchasing an additional 30,473 shares during the last quarter. Redwood Wealth Management Group LLC grew its holdings in Alpha and Omega Semiconductor by 9.1% in the first quarter. Redwood Wealth Management Group LLC now owns 16,079 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 1,342 shares during the last quarter. GAMMA Investing LLC grew its holdings in Alpha and Omega Semiconductor by 94.7% in the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 594 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Alpha and Omega Semiconductor by 60.2% in the first quarter. Wedge Capital Management L L P NC now owns 70,951 shares of the semiconductor company’s stock worth $1,764,000 after purchasing an additional 26,666 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Alpha and Omega Semiconductor by 12.4% in the fourth quarter. Wellington Management Group LLP now owns 633,345 shares of the semiconductor company’s stock worth $23,453,000 after purchasing an additional 70,100 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,845 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $23.73, for a total value of $43,781.85. Following the sale, the executive vice president directly owned 130,951 shares of the company’s stock, valued at approximately $3,107,467.23. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL opened at $28.65 on Friday. The firm has a market capitalization of $842.88 million, a PE ratio of -36.73 and a beta of 2.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.57 and a quick ratio of 1.36. Alpha and Omega Semiconductor Limited has a 1-year low of $15.90 and a 1-year high of $53.29. The company’s fifty day moving average price is $24.57 and its 200-day moving average price is $27.57.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.33% and a negative return on equity of 0.28%. The firm had revenue of $164.60 million for the quarter, compared to analyst estimates of $157.23 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AOSL shares. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Sunday, May 11th. Stifel Nicolaus raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating and lifted their price target for the stock from $18.00 to $25.00 in a report on Tuesday. B. Riley boosted their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Benchmark dropped their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, May 9th.

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.