Jacobs Levy Equity Management Inc. Reduces Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Jacobs Levy Equity Management Inc. cut its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 147,383 shares of the semiconductor company’s stock after selling 1,717 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Alpha and Omega Semiconductor were worth $5,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in Alpha and Omega Semiconductor during the second quarter worth approximately $36,000. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter worth approximately $45,000. Point72 DIFC Ltd bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $47,000. Hollencrest Capital Management bought a new stake in Alpha and Omega Semiconductor in the third quarter worth $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alpha and Omega Semiconductor during the second quarter worth $62,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the transaction, the executive vice president now owns 128,986 shares in the company, valued at $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,182 shares of company stock worth $2,445,473 in the last ninety days. 16.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Finally, B. Riley reduced their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Alpha and Omega Semiconductor Trading Up 2.5 %

NASDAQ AOSL opened at $48.43 on Friday. The stock has a market cap of $1.41 billion, a PE ratio of -72.28 and a beta of 2.48. Alpha and Omega Semiconductor Limited has a 12 month low of $19.38 and a 12 month high of $53.29. The company’s 50-day moving average price is $35.71 and its 200-day moving average price is $35.77. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. Alpha and Omega Semiconductor’s revenue was up .7% on a year-over-year basis. Equities research analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current year.

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.