Bank of New York Mellon Corp Raises Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Bank of New York Mellon Corp grew its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 147,398 shares of the semiconductor company’s stock after purchasing an additional 3,475 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alpha and Omega Semiconductor were worth $5,458,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AOSL. IFP Advisors Inc grew its stake in Alpha and Omega Semiconductor by 276.8% during the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 548 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 115,445 shares of the semiconductor company’s stock valued at $4,275,000 after buying an additional 3,474 shares during the period. Empowered Funds LLC grew its position in shares of Alpha and Omega Semiconductor by 5.0% during the fourth quarter. Empowered Funds LLC now owns 42,303 shares of the semiconductor company’s stock worth $1,566,000 after buying an additional 2,000 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Alpha and Omega Semiconductor during the fourth quarter worth approximately $666,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $548,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AOSL. Benchmark boosted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a “buy” rating in a 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.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction that occurred 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 transaction, the executive vice president now owns 115,368 shares of the company’s stock, valued at $4,037,880. The trade was a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 16.90% of the stock is owned by corporate insiders.

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $27.61 on Tuesday. The business has a 50 day moving average price of $34.81 and a 200 day moving average price of $36.22. The company has a quick ratio of 1.50, a current ratio of 2.72 and a debt-to-equity ratio of 0.03. The stock has a market cap of $812.15 million, a price-to-earnings ratio of -34.51 and a beta of 2.56. Alpha and Omega Semiconductor Limited has a fifty-two week low of $19.38 and a fifty-two week high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative return on equity of 0.23% and a negative net margin of 3.46%. Equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.82 earnings per share for the current fiscal year.

Alpha and Omega Semiconductor Company 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.