Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,596 shares of the semiconductor company’s stock after selling 475 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Alpha and Omega Semiconductor were worth $643,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter worth about $45,000. US Bancorp DE purchased a new stake in shares of Alpha and Omega Semiconductor in the 1st quarter worth about $45,000. KBC Group NV purchased a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter worth about $57,000. Tower Research Capital LLC TRC raised its position in shares of Alpha and Omega Semiconductor by 47.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,472 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 799 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its position in shares of Alpha and Omega Semiconductor by 525.3% during the 1st quarter. Belpointe Asset Management LLC now owns 2,814 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 2,364 shares during the last quarter. 63.49% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Stock Performance

AOSL stock opened at $22.48 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.04. Alpha and Omega Semiconductor Limited has a 12-month low of $20.03 and a 12-month high of $38.87. The stock’s 50 day simple moving average is $26.53 and its 200 day simple moving average is $28.83. The firm has a market cap of $624.49 million, a P/E ratio of -70.25 and a beta of 2.49.

Insider Activity at Alpha and Omega Semiconductor

In related news, Chairman Mike F. Chang sold 30,000 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $25.03, for a total value of $750,900.00. Following the completion of the transaction, the chairman now owns 4,337,591 shares in the company, valued at approximately $108,569,902.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 90,000 shares of company stock worth $2,540,400 in the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. B. Riley increased their target price on Alpha and Omega Semiconductor from $28.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Benchmark dropped their price target on shares of Alpha and Omega Semiconductor from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus dropped their price target on shares of Alpha and Omega Semiconductor from $26.00 to $24.00 and set a “sell” rating for the company in a research report on Tuesday, November 7th.

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.