Dimensional Fund Advisors LP Reduces Holdings in Alpha and Omega Semiconductor Limited $AOSL

Dimensional Fund Advisors LP trimmed its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 1.3% during the first quarter, HoldingsChannel.com reports. The firm owned 1,563,871 shares of the semiconductor company’s stock after selling 20,157 shares during the period. Dimensional Fund Advisors LP owned approximately 0.05% of Alpha and Omega Semiconductor worth $34,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AOSL. The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock worth $32,263,000 after purchasing an additional 73,631 shares during the last quarter. State Street Corp increased its stake in Alpha and Omega Semiconductor by 21.6% during the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after purchasing an additional 262,117 shares during the last quarter. Wellington Management Group LLP increased its stake in Alpha and Omega Semiconductor by 15.0% during the third quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after purchasing an additional 113,077 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 57.5% during the third quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after purchasing an additional 232,817 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Alpha and Omega Semiconductor by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 611,089 shares of the semiconductor company’s stock worth $12,108,000 after purchasing an additional 3,612 shares during the period. 78.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Lake Street Capital assumed coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 price objective for the company. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. B. Riley Financial lifted their target price on Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Needham & Company LLC assumed coverage on Alpha and Omega Semiconductor in a report on Friday, May 1st. They set a “buy” rating and a $50.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.00.

Insiders Place Their Bets

In related news, EVP Bing Xue sold 4,916 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president directly owned 123,660 shares in the company, valued at approximately $5,823,149.40. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 16.70% of the company’s stock.

Alpha and Omega Semiconductor Trading Up 7.3%

NASDAQ AOSL opened at $33.78 on Wednesday. The stock’s 50-day moving average price is $40.00 and its two-hundred day moving average price is $32.00. The company has a market cap of $1.01 billion, a PE ratio of -9.49 and a beta of 2.60. Alpha and Omega Semiconductor Limited has a 1 year low of $17.01 and a 1 year high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The firm had revenue of $163.79 million for the quarter, compared to analyst estimates of $160.07 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. Alpha and Omega Semiconductor’s quarterly revenue was down .5% on a year-over-year basis. Research analysts forecast that Alpha and Omega Semiconductor Limited will post -1.5 EPS for the current fiscal year.

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.