Counterpoint Mutual Funds LLC Buys New Stake in Alpha and Omega Semiconductor Limited $AOSL

by · The Cerbat Gem

Counterpoint Mutual Funds LLC bought a new stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,579 shares of the semiconductor company’s stock, valued at approximately $877,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Alpha and Omega Semiconductor by 1.4% during the third quarter. Vanguard Group Inc. now owns 2,453,975 shares of the semiconductor company’s stock worth $68,613,000 after purchasing an additional 33,959 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Alpha and Omega Semiconductor by 4.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,628,634 shares of the semiconductor company’s stock worth $32,263,000 after purchasing an additional 73,631 shares in the last quarter. State Street Corp boosted its position in shares of Alpha and Omega Semiconductor by 21.6% in the 4th quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock worth $29,203,000 after purchasing an additional 262,117 shares in the last quarter. Wellington Management Group LLP grew its stake in Alpha and Omega Semiconductor by 15.0% during the 3rd quarter. Wellington Management Group LLP now owns 864,965 shares of the semiconductor company’s stock worth $24,184,000 after buying an additional 113,077 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Alpha and Omega Semiconductor by 57.5% during the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock worth $17,835,000 after buying an additional 232,817 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Price Performance

NASDAQ AOSL opened at $37.11 on Friday. The stock’s fifty day moving average price is $43.41 and its 200 day moving average price is $29.99. Alpha and Omega Semiconductor Limited has a 1 year low of $17.01 and a 1 year high of $54.34. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -10.42 and a beta of 2.55.

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.06. The company had revenue of $163.79 million during the quarter, compared to analysts’ expectations of $160.07 million. Alpha and Omega Semiconductor had a negative return on equity of 4.30% and a negative net margin of 15.51%.The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. Research analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insider Activity

In related news, CEO Stephen Chunping Chang sold 14,884 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $34.47, for a total value of $513,051.48. Following the sale, the chief executive officer owned 635,901 shares in the company, valued at $21,919,507.47. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Bing Xue sold 4,916 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total value of $231,494.44. Following the completion of the sale, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. This represents a 3.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 62,368 shares of company stock valued at $2,092,671. Company insiders own 16.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AOSL. Stifel Nicolaus upped their target price on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Monday, April 20th. Lake Street Capital assumed coverage on shares of Alpha and Omega Semiconductor in a report on Thursday, June 25th. They set a “buy” rating and a $58.00 price objective on the stock. Needham & Company LLC began coverage on shares of Alpha and Omega Semiconductor in a research report on Friday, May 1st. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alpha and Omega Semiconductor currently has an average rating of “Hold” and a consensus price target of $40.00.

Check Out Our Latest Stock Analysis on AOSL

Alpha and Omega Semiconductor Company Profile

(Free Report)

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.

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