Jacobs Levy Equity Management Inc. Boosts Stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Jacobs Levy Equity Management Inc. raised its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 101.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,369 shares of the semiconductor company’s stock after purchasing an additional 100,591 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.69% of Alpha and Omega Semiconductor worth $4,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Alpha and Omega Semiconductor in the first quarter valued at $616,000. First Eagle Investment Management LLC raised its holdings 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 buying an additional 71,000 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Alpha and Omega Semiconductor by 8.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock valued at $28,465,000 after buying an additional 86,366 shares during the period. Wellington Management Group LLP raised its holdings in shares of Alpha and Omega Semiconductor by 18.9% in the 4th quarter. Wellington Management Group LLP now owns 348,703 shares of the semiconductor company’s stock valued at $9,087,000 after buying an additional 55,403 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Alpha and Omega Semiconductor by 32.1% in the 4th quarter. BNP Paribas Financial Markets now owns 30,629 shares of the semiconductor company’s stock valued at $798,000 after buying an additional 7,439 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ:AOSL traded up $1.06 on Wednesday, hitting $41.31. 132,653 shares of the company’s stock were exchanged, compared to its average volume of 228,507. The firm’s 50-day moving average is $35.54 and its 200 day moving average is $27.75. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-year high of $47.45. The company has a current ratio of 2.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10. The firm had revenue of $150.10 million during the quarter, compared to analysts’ expectations of $150.13 million. Alpha and Omega Semiconductor had a positive return on equity of 1.39% and a negative net margin of 1.44%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.59) EPS. On average, equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stifel Nicolaus boosted their target price on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. B. Riley boosted their target price on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Benchmark boosted their target price on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, June 28th.

Alpha and Omega Semiconductor 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.