313,591 Shares in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC acquired a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 313,591 shares of the semiconductor company’s stock, valued at approximately $11,612,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Alpha and Omega Semiconductor by 42.5% in the third quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company’s stock worth $1,359,000 after purchasing an additional 10,921 shares in the last quarter. Barclays PLC grew its position in shares of Alpha and Omega Semiconductor by 367.4% during the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock worth $1,498,000 after buying an additional 31,725 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Alpha and Omega Semiconductor by 276.8% during the fourth quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 548 shares during the period. Empowered Funds LLC raised its holdings in shares of Alpha and Omega Semiconductor by 5.0% in the fourth quarter. Empowered Funds LLC now owns 42,303 shares of the semiconductor company’s stock valued at $1,566,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Alpha and Omega Semiconductor by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,411,632 shares of the semiconductor company’s stock worth $89,303,000 after acquiring an additional 14,070 shares during the period. 78.97% of the stock is currently owned by institutional investors.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $21.76 on Friday. The company has a market capitalization of $640.07 million, a PE ratio of -27.20 and a beta of 2.02. The company has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $32.02. Alpha and Omega Semiconductor Limited has a one year low of $15.90 and a one year high of $53.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.50 and a current ratio of 2.72.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. The firm had revenue of $164.60 million during the quarter, compared to analyst estimates of $157.23 million. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. Alpha and Omega Semiconductor’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. Research analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, May 3rd. Benchmark cut their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a “buy” rating on the stock in a report on Friday. Finally, Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $30.00 to $18.00 and set a “sell” rating for the company in a report on Thursday, April 17th.

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.