Truvestments Capital LLC Purchases New Shares in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Truvestments Capital LLC purchased a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,200 shares of the semiconductor company’s stock, valued at approximately $45,000.

Several other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its stake in Alpha and Omega Semiconductor by 3.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 400 shares during the period. SummerHaven Investment Management LLC raised its holdings in Alpha and Omega Semiconductor by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 23,502 shares of the semiconductor company’s stock valued at $878,000 after acquiring an additional 511 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Alpha and Omega Semiconductor by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,636 shares of the semiconductor company’s stock valued at $433,000 after acquiring an additional 893 shares in the last quarter. Gladius Capital Management LP acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at $36,000. Finally, Point72 DIFC Ltd acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter valued at $47,000. 78.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now owns 61,331 shares in the company, valued at approximately $2,176,637.19. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL opened at $36.05 on Thursday. Alpha and Omega Semiconductor Limited has a 12-month low of $19.38 and a 12-month high of $47.45. The business has a 50-day simple moving average of $34.54 and a two-hundred day simple moving average of $35.00. The company has a quick ratio of 1.44, a current ratio of 2.65 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 released its quarterly 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 negative net margin of 2.94% and a positive return on equity of 0.19%. The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AOSL shares. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a report on Wednesday, November 6th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley dropped their price objective on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, StockNews.com cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Friday, November 22nd.

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.