Engineers Gate Manager LP bought a new position in shares of Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,700 shares of the semiconductor company’s stock, valued at approximately $195,000. Engineers Gate Manager LP owned about 0.06% of Alpha and Omega Semiconductor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AOSL. Foundry Partners LLC bought a new stake in Alpha and Omega Semiconductor during the first quarter worth $4,362,000. GSA Capital Partners LLP lifted its stake in Alpha and Omega Semiconductor by 181.7% during the first quarter. GSA Capital Partners LLP now owns 47,049 shares of the semiconductor company’s stock worth $727,000 after purchasing an additional 30,349 shares during the last quarter. Millennium Management LLC lifted its stake in Alpha and Omega Semiconductor by 8.6% during the first quarter. Millennium Management LLC now owns 268,172 shares of the semiconductor company’s stock worth $4,143,000 after purchasing an additional 21,309 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in Alpha and Omega Semiconductor during the second quarter worth $276,000. Finally, Victory Capital Management Inc. bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at $245,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

AOSL has been the subject of a number of research reports. BidaskClub upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, May 8th. TheStreet cut Alpha and Omega Semiconductor from a “b-” rating to a “c+” rating in a research note on Monday, July 16th. ValuEngine upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating and dropped their price target for the company from $16.00 to $13.00 in a research note on Monday, May 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.50.

Shares of AOSL opened at $14.22 on Wednesday. Alpha and Omega Semiconductor Ltd has a 52 week low of $12.92 and a 52 week high of $18.72. The firm has a market capitalization of $352.45 million, a PE ratio of 22.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.84 and a quick ratio of 1.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 8th. The semiconductor company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.22. Alpha and Omega Semiconductor had a return on equity of 5.34% and a net margin of 3.38%. The company had revenue of $109.90 million during the quarter, compared to analysts’ expectations of $108.43 million. During the same period in the prior year, the company earned $0.25 EPS. Alpha and Omega Semiconductor’s revenue was up 12.1% compared to the same quarter last year. analysts expect that Alpha and Omega Semiconductor Ltd will post 0.85 EPS for the current year.

In related news, VP Daniel Kuang Ming Chang sold 9,481 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $15.92, for a total transaction of $150,937.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.70% of the stock is currently owned by corporate insiders.

Alpha and Omega Semiconductor Profile

Alpha and Omega Semiconductor Limited and its subsidiaries design, develop, and supply various power semiconductors. It offers various power discrete products, including low, medium, and high voltage power metal-oxide-semiconductor field-effect transistors (MOSFETs); and SRFETs, XSFET, electrostatic discharges, protected MOSFETs, and insulated gate bipolar transistors, which are used for routing current and switching voltages in power control circuits.

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Institutional Ownership by Quarter for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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