Millennium Management LLC Has $1.07 Million Holdings in Alpha and Omega Semiconductor Ltd (AOSL)

Millennium Management LLC lessened its stake in shares of Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) by 72.0% during the second quarter, Holdings Channel reports. The institutional investor owned 74,971 shares of the semiconductor company’s stock after selling 193,201 shares during the period. Millennium Management LLC’s holdings in Alpha and Omega Semiconductor were worth $1,068,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AOSL. Royce & Associates LP grew its holdings in Alpha and Omega Semiconductor by 18.6% during the 2nd quarter. Royce & Associates LP now owns 1,173,630 shares of the semiconductor company’s stock valued at $16,712,000 after buying an additional 184,014 shares during the last quarter. Gagnon Securities LLC grew its holdings in Alpha and Omega Semiconductor by 30.0% during the 2nd quarter. Gagnon Securities LLC now owns 583,286 shares of the semiconductor company’s stock valued at $8,306,000 after buying an additional 134,607 shares during the last quarter. Gagnon Advisors LLC grew its holdings in Alpha and Omega Semiconductor by 51.1% during the 2nd quarter. Gagnon Advisors LLC now owns 354,216 shares of the semiconductor company’s stock valued at $5,044,000 after buying an additional 119,745 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Alpha and Omega Semiconductor by 8.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,098,700 shares of the semiconductor company’s stock valued at $15,645,000 after buying an additional 83,800 shares during the last quarter. Finally, Foundry Partners LLC grew its holdings in Alpha and Omega Semiconductor by 15.6% during the 2nd quarter. Foundry Partners LLC now owns 326,450 shares of the semiconductor company’s stock valued at $4,649,000 after buying an additional 44,125 shares during the last quarter. Hedge funds and other institutional investors own 65.17% of the company’s stock.

A number of equities research analysts have commented on AOSL shares. Zacks Investment Research cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine cut Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a report on Thursday, July 12th. BidaskClub cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Finally, TheStreet lowered Alpha and Omega Semiconductor from a “b-” rating to a “c+” rating in a research note on Monday, July 16th. Four equities research analysts have rated the stock with a sell rating, The stock has a consensus rating of “Sell” and a consensus price target of $14.50.

Shares of Alpha and Omega Semiconductor stock opened at $11.01 on Friday. Alpha and Omega Semiconductor Ltd has a fifty-two week low of $9.01 and a fifty-two week high of $18.59. The firm has a market cap of $263.06 million, a price-to-earnings ratio of 15.51 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 1.84.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, August 8th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.22. Alpha and Omega Semiconductor had a return on equity of 5.44% and a net margin of 2.75%. The company had revenue of $109.90 million for the quarter, compared to analyst estimates of $108.43 million. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts expect that Alpha and Omega Semiconductor Ltd will post 0.74 earnings per share for the current fiscal 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 worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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

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