JPMorgan Chase & Co. cut its position in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 601,457 shares of the semiconductor company’s stock after selling 14,627 shares during the period. JPMorgan Chase & Co.’s holdings in Alpha and Omega Semiconductor were worth $6,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Spark Investment Management LLC purchased a new position in Alpha and Omega Semiconductor during the 1st quarter valued at about $229,000. BNP Paribas Arbitrage SA increased its holdings in Alpha and Omega Semiconductor by 427.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,152 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 3,365 shares during the period. MUFG Securities EMEA plc purchased a new position in Alpha and Omega Semiconductor during the 4th quarter valued at about $244,000. FMR LLC increased its holdings in Alpha and Omega Semiconductor by 9.8% during the 4th quarter. FMR LLC now owns 980,500 shares of the semiconductor company’s stock valued at $9,991,000 after purchasing an additional 87,300 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Alpha and Omega Semiconductor during the 4th quarter valued at about $499,000. Institutional investors and hedge funds own 63.68% of the company’s stock.
In other Alpha and Omega Semiconductor news, VP Daniel Kuang Ming Chang sold 9,163 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $11.00, for a total transaction of $100,793.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 21.00% of the stock is currently owned by corporate insiders.
AOSL stock opened at $8.36 on Thursday. Alpha and Omega Semiconductor Ltd has a fifty-two week low of $8.22 and a fifty-two week high of $16.26. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.25. The company has a market cap of $209.15 million, a price-to-earnings ratio of 12.29 and a beta of 1.07.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Thursday, May 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Alpha and Omega Semiconductor had a return on equity of 4.77% and a net margin of 0.08%. The firm had revenue of $109.10 million for the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the prior year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts expect that Alpha and Omega Semiconductor Ltd will post 0.51 EPS for the current year.
A number of brokerages recently issued reports on AOSL. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. ValuEngine downgraded Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday, May 18th.
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About Alpha and Omega Semiconductor
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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