Ellevest Inc. Raises Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Ellevest Inc. grew its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,894 shares of the semiconductor company’s stock after acquiring an additional 1,159 shares during the quarter. Ellevest Inc.’s holdings in Alpha and Omega Semiconductor were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Alpha and Omega Semiconductor by 367.4% in the third quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock worth $1,498,000 after buying an additional 31,725 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Alpha and Omega Semiconductor by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock valued at $510,000 after acquiring an additional 1,096 shares during the period. JPMorgan Chase & Co. raised its stake in Alpha and Omega Semiconductor by 42.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,608 shares of the semiconductor company’s stock worth $1,359,000 after acquiring an additional 10,921 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in Alpha and Omega Semiconductor during the 4th quarter worth about $548,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Alpha and Omega Semiconductor during the 4th quarter valued at about $666,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Stock Up 5.3 %

Shares of AOSL opened at $21.76 on Friday. The company has a market capitalization of $640.07 million, a price-to-earnings ratio of -27.20 and a beta of 2.02. Alpha and Omega Semiconductor Limited has a 52 week low of $15.90 and a 52 week high of $53.29. The stock’s 50-day moving average price is $22.29 and its 200-day moving average price is $32.02. The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The business had revenue of $164.60 million during the quarter, compared to the consensus estimate of $157.23 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts predict that Alpha and Omega Semiconductor Limited will post -0.82 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AOSL. StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, May 3rd. Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a “sell” rating for the company in a research report on Thursday, April 17th. Finally, Benchmark dropped their price objective on shares of Alpha and Omega Semiconductor from $42.00 to $32.00 and set a “buy” rating on the stock in a report on Friday.

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.