The Manufacturers Life Insurance Company Has $45.09 Million Holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

The Manufacturers Life Insurance Company lessened its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,214,631 shares of the semiconductor company’s stock after selling 70,019 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 4.18% of Alpha and Omega Semiconductor worth $45,087,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after buying an additional 40,183 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after buying an additional 25,100 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 14.6% in the 2nd quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after buying an additional 43,031 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $8,389,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Alpha and Omega Semiconductor by 4.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock valued at $6,362,000 after buying an additional 7,312 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AOSL has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. Stifel Nicolaus dropped their price target on 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 cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Finally, B. Riley dropped their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

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 transaction, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Stock Down 9.1 %

AOSL opened at $36.05 on Friday. Alpha and Omega Semiconductor Limited has a 1-year low of $19.38 and a 1-year high of $47.45. The stock’s fifty day simple moving average is $34.54 and its 200 day simple moving average is $35.00. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.05 billion, a PE ratio of -53.81 and a beta of 2.42.

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