Alpha and Omega Semiconductor Limited $AOSL is Acuitas Investments LLC’s 2nd Largest Position

Acuitas Investments LLC lifted its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 38.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,920 shares of the semiconductor company’s stock after purchasing an additional 67,100 shares during the period. Alpha and Omega Semiconductor comprises approximately 4.3% of Acuitas Investments LLC’s investment portfolio, making the stock its 2nd largest holding. Acuitas Investments LLC owned 0.80% of Alpha and Omega Semiconductor worth $6,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AOSL. Oberweis Asset Management Inc. grew its position in Alpha and Omega Semiconductor by 11.0% during the third quarter. Oberweis Asset Management Inc. now owns 271,100 shares of the semiconductor company’s stock valued at $7,580,000 after buying an additional 26,800 shares during the period. Verition Fund Management LLC raised its position in Alpha and Omega Semiconductor by 31.5% in the third quarter. Verition Fund Management LLC now owns 81,513 shares of the semiconductor company’s stock worth $2,279,000 after acquiring an additional 19,515 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Alpha and Omega Semiconductor in the third quarter valued at about $62,000. Numerai GP LLC boosted its stake in Alpha and Omega Semiconductor by 37.6% in the third quarter. Numerai GP LLC now owns 89,695 shares of the semiconductor company’s stock valued at $2,508,000 after acquiring an additional 24,492 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Alpha and Omega Semiconductor by 57.5% during the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after acquiring an additional 232,817 shares during the period. 78.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mike F. Chang acquired 33,727 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $19.00 per share, with a total value of $640,813.00. Following the completion of the purchase, the director directly owned 4,369,574 shares of the company’s stock, valued at $83,021,906. This represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Wednesday, January 21st. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Finally, Zacks Research lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.67.

Alpha and Omega Semiconductor Trading Down 1.0%

Shares of AOSL stock opened at $21.22 on Wednesday. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $33.01. The stock has a market cap of $631.51 million, a P/E ratio of -6.12 and a beta of 1.99. The company has a 50 day simple moving average of $21.77 and a two-hundred day simple moving average of $23.63.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The business had revenue of $162.26 million for the quarter, compared to the consensus estimate of $160.67 million. Alpha and Omega Semiconductor had a negative net margin of 15.06% and a negative return on equity of 3.78%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. As a group, equities analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current year.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.