Kingsview Wealth Management LLC Has $519,000 Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Kingsview Wealth Management LLC increased its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 70.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,984 shares of the semiconductor company’s stock after acquiring an additional 5,797 shares during the period. Kingsview Wealth Management LLC’s holdings in Alpha and Omega Semiconductor were worth $519,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AOSL. Gladius Capital Management LP acquired a new position in Alpha and Omega Semiconductor during the 2nd quarter worth $36,000. Point72 DIFC Ltd acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $47,000. Hollencrest Capital Management bought a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $62,000. Finally, Farther Finance Advisors LLC increased its position in Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,750 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL opened at $36.05 on Thursday. The firm has a market capitalization of $1.05 billion, a PE ratio of -53.81 and a beta of 2.42. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor Limited has a 12-month low of $19.38 and a 12-month high of $47.45. The firm has a 50-day moving average price of $34.54 and a 200 day moving average price of $35.00.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AOSL has been the subject of several research reports. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus cut their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th. B. Riley reduced their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.90% of the company’s stock.

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.