Wellington Management Group LLP Decreases Stock Holdings in Alpha and Omega Semiconductor Limited $AOSL

Wellington Management Group LLP lowered its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 40.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,910 shares of the semiconductor company’s stock after selling 281,898 shares during the period. Wellington Management Group LLP’s holdings in Alpha and Omega Semiconductor were worth $19,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AOSL. Royce & Associates LP boosted its position in shares of Alpha and Omega Semiconductor by 10.9% during the 4th quarter. Royce & Associates LP now owns 474,015 shares of the semiconductor company’s stock worth $9,390,000 after acquiring an additional 46,662 shares in the last quarter. UBS Group AG raised its position in shares of Alpha and Omega Semiconductor by 224.7% during the 4th quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock worth $4,301,000 after acquiring an additional 150,254 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Alpha and Omega Semiconductor by 189.9% during the 4th quarter. WINTON GROUP Ltd now owns 137,265 shares of the semiconductor company’s stock worth $2,719,000 after acquiring an additional 89,914 shares in the last quarter. AXQ Capital LP purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter worth approximately $406,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Alpha and Omega Semiconductor in the first quarter valued at approximately $784,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $25.20 on Monday. Alpha and Omega Semiconductor Limited has a 52 week low of $17.01 and a 52 week high of $54.34. The business’s 50 day moving average is $32.09 and its two-hundred day moving average is $33.07. The firm has a market cap of $762.55 million, a price-to-earnings ratio of -17.87 and a beta of 2.56.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. The business had revenue of $170.37 million during the quarter, compared to the consensus estimate of $168.00 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%.The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 earnings per share. Equities analysts expect that Alpha and Omega Semiconductor Limited will post -1.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total transaction of $231,494.44. Following the transaction, the executive vice president directly owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Williams Trading set a $45.00 target price on shares of Alpha and Omega Semiconductor in a report on Thursday, August 13th. Lake Street Capital initiated coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They issued a “buy” rating and a $58.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Finally, B. Riley Financial reduced their price target on shares of Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.50.

Alpha and Omega Semiconductor Company Profile

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.