Wells Fargo & Company MN Trims Stake in Alpha and Omega Semiconductor Limited (AOSL)

Wells Fargo & Company MN cut its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 78.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,943 shares of the semiconductor company’s stock after selling 60,411 shares during the period. Wells Fargo & Company MN owned about 0.07% of Alpha and Omega Semiconductor worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Alpha and Omega Semiconductor during the second quarter valued at $178,000. American International Group Inc. lifted its position in Alpha and Omega Semiconductor by 7.5% during the first quarter. American International Group Inc. now owns 11,227 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 780 shares in the last quarter. Chicago Equity Partners LLC lifted its position in Alpha and Omega Semiconductor by 4.6% during the second quarter. Chicago Equity Partners LLC now owns 19,881 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 870 shares in the last quarter. UBS Group AG lifted its position in Alpha and Omega Semiconductor by 289.0% during the first quarter. UBS Group AG now owns 21,374 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 15,880 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Alpha and Omega Semiconductor during the second quarter valued at $468,000. Institutional investors own 70.52% of the company’s stock.

In other news, VP Daniel Kuang Ming Chang sold 3,398 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $18.00, for a total value of $61,164.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.70% of the stock is owned by insiders.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ AOSL) traded down $0.19 during trading on Monday, hitting $17.34. The stock had a trading volume of 88,621 shares, compared to its average volume of 108,025. Alpha and Omega Semiconductor Limited has a fifty-two week low of $14.81 and a fifty-two week high of $23.62. The stock has a market capitalization of $421.39, a P/E ratio of 28.74 and a beta of 0.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). Alpha and Omega Semiconductor had a net margin of 3.92% and a return on equity of 4.85%. The business had revenue of $104.90 million during the quarter, compared to analysts’ expectations of $103.15 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Alpha and Omega Semiconductor’s revenue was up 7.0% on a year-over-year basis. research analysts anticipate that Alpha and Omega Semiconductor Limited will post 0.64 earnings per share for the current year.

Several research firms recently weighed in on AOSL. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Alpha and Omega Semiconductor in a research report on Monday, August 7th. BidaskClub downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus lowered their target price on Alpha and Omega Semiconductor from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, September 7th. Finally, Northland Securities reiterated a “buy” rating and set a $30.00 target price on shares of Alpha and Omega Semiconductor in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.00.

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About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).

Institutional Ownership by Quarter for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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