Eastern Bank Takes $174,000 Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Eastern Bank bought a new position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,676 shares of the semiconductor company’s stock, valued at approximately $174,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at about $8,389,000. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock worth $48,007,000 after buying an additional 169,619 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after buying an additional 123,093 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 101.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after buying an additional 100,591 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Alpha and Omega Semiconductor by 18.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after acquiring an additional 71,000 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Lucas S. Chang sold 3,377 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at $10,548,066.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.90% of the stock is owned by corporate insiders.

Alpha and Omega Semiconductor Stock Up 0.1 %

Shares of AOSL opened at $35.45 on Friday. The stock’s 50-day moving average price is $36.52 and its 200-day moving average price is $33.20. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -104.26 and a beta of 2.41. Alpha and Omega Semiconductor Limited has a 52 week low of $19.38 and a 52 week high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The business had revenue of $161.30 million for the quarter, compared to analysts’ expectations of $160.03 million. During the same quarter last year, the company earned $0.08 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

AOSL has been the topic of several research analyst reports. B. Riley boosted their price target on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Benchmark increased their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Stifel Nicolaus lifted their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Finally, StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 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.