First Eagle Investment Management LLC Cuts Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

First Eagle Investment Management LLC trimmed its holdings in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,408 shares of the semiconductor company’s stock after selling 150,908 shares during the period. First Eagle Investment Management LLC owned about 1.09% of Alpha and Omega Semiconductor worth $11,680,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AOSL. State Street Corp grew its holdings in shares of Alpha and Omega Semiconductor by 33.2% in the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock worth $49,789,000 after acquiring an additional 334,657 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Alpha and Omega Semiconductor by 110.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Alpha and Omega Semiconductor in the 4th quarter worth approximately $8,014,000. Algert Global LLC grew its holdings in shares of Alpha and Omega Semiconductor by 172.8% in the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after acquiring an additional 56,962 shares during the period. Finally, Barclays PLC grew its holdings in shares of Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock worth $1,498,000 after acquiring an additional 31,725 shares during the period. 78.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,242 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the sale, the executive vice president now owns 115,368 shares in the company, valued at $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ:AOSL opened at $26.65 on Friday. The business’s fifty day moving average price is $35.07 and its two-hundred day moving average price is $36.36. The stock has a market cap of $783.91 million, a PE ratio of -33.31 and a beta of 2.56. 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 Limited has a one year low of $19.38 and a one year high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Benchmark upped their price target on Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

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.