Connor Clark & Lunn Investment Management Ltd. Reduces Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 41.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,829 shares of the semiconductor company’s stock after selling 34,821 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Alpha and Omega Semiconductor worth $1,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOSL. Empowered Funds LLC increased its stake in Alpha and Omega Semiconductor by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 40,303 shares of the semiconductor company’s stock worth $1,496,000 after buying an additional 2,010 shares during the period. Intech Investment Management LLC purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth $219,000. Kingsview Wealth Management LLC increased its stake in Alpha and Omega Semiconductor by 70.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 13,984 shares of the semiconductor company’s stock worth $519,000 after buying an additional 5,797 shares during the period. Algert Global LLC increased its stake in Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after buying an additional 56,962 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth $408,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Insider Activity

In other news, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $35.00, for a total value of $43,470.00. Following the completion of the transaction, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at approximately $4,037,880. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $26.85 on Wednesday. The company has a 50-day moving average of $34.58 and a 200-day moving average of $36.11. The company has a market capitalization of $789.79 million, a P/E ratio of -33.56 and a beta of 2.56. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-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 results on Wednesday, February 5th. The semiconductor company reported ($0.18) EPS for the quarter, missing the consensus estimate 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%. Equities analysts expect that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AOSL. Benchmark boosted their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, March 7th.

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.