Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 13.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,665 shares of the semiconductor company’s stock after acquiring an additional 4,605 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Alpha and Omega Semiconductor worth $1,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new position in Alpha and Omega Semiconductor during the third quarter worth about $114,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Alpha and Omega Semiconductor by 56.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,496 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 1,979 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Alpha and Omega Semiconductor during the third quarter worth about $254,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Alpha and Omega Semiconductor during the third quarter worth about $310,000. Finally, Louisiana State Employees Retirement System acquired a new position in Alpha and Omega Semiconductor during the fourth quarter worth about $294,000. 78.97% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL opened at $21.51 on Friday. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $35.40. The firm’s 50 day moving average price is $21.98 and its 200 day moving average price is $23.88. The company has a market cap of $608.30 million, a P/E ratio of -34.14 and a beta of 2.39. The company has a quick ratio of 1.33, a current ratio of 2.52 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. The firm had revenue of $165.29 million for the quarter, compared to the consensus estimate of $165.00 million. On average, research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Mike F. Chang sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $26.91, for a total transaction of $807,300.00. Following the sale, the chairman now directly owns 4,500,286 shares of the company’s stock, valued at approximately $121,102,696.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Alpha and Omega Semiconductor news, CFO Yifan Liang sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total transaction of $466,200.00. Following the completion of the transaction, the chief financial officer now owns 293,296 shares in the company, valued at approximately $6,836,729.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mike F. Chang sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $26.91, for a total transaction of $807,300.00. Following the transaction, the chairman now owns 4,500,286 shares of the company’s stock, valued at approximately $121,102,696.26. The disclosure for this sale can be found here. Insiders have sold a total of 70,649 shares of company stock valued at $1,727,692 in the last ninety days. Company insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. B. Riley raised shares of Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $34.00 in a research note on Tuesday, January 2nd. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th.

About Alpha and Omega Semiconductor

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.