Tudor Investment Corp ET AL Sells 33,569 Shares of Alpha and Omega Semiconductor Limited $AOSL

Tudor Investment Corp ET AL reduced its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 75.5% in the third quarter, Holdings Channel reports. The fund owned 10,913 shares of the semiconductor company’s stock after selling 33,569 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Alpha and Omega Semiconductor were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AOSL. 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. The Manufacturers Life Insurance Company grew its position in shares of Alpha and Omega Semiconductor by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock valued at $36,217,000 after acquiring an additional 158,869 shares during the period. SG Americas Securities LLC bought a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at approximately $3,559,000. Wellington Management Group LLP grew its position in shares of Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock valued at $24,184,000 after acquiring an additional 113,077 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Alpha and Omega Semiconductor by 551.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 92,121 shares of the semiconductor company’s stock valued at $2,364,000 after acquiring an additional 77,984 shares during the period. 78.97% of the stock is owned by institutional investors.

Alpha and Omega Semiconductor Stock Performance

AOSL opened at $31.21 on Friday. The company has a 50 day moving average of $22.55 and a 200 day moving average of $22.98. The company has a market cap of $928.81 million, a PE ratio of -8.99 and a beta of 1.94. Alpha and Omega Semiconductor Limited has a 12 month low of $15.90 and a 12 month high of $33.01.

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

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, CEO Stephen Chunping Chang sold 5,594 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $31.90, for a total value of $178,448.60. Following the completion of the transaction, the chief executive officer directly owned 650,785 shares of the company’s stock, valued at $20,760,041.50. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 2,408 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $21.92, for a total transaction of $52,783.36. Following the completion of the transaction, the executive vice president directly owned 113,631 shares of the company’s stock, valued at approximately $2,490,791.52. The trade was a 2.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,519 shares of company stock valued at $1,041,857 in the last quarter. Corporate insiders own 16.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AOSL shares. B. Riley Financial increased their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Finally, Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.00.

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.