Mork Capital Management LLC Sells 20,000 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Mork Capital Management LLC lessened its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 40.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the semiconductor company’s stock after selling 20,000 shares during the quarter. Mork Capital Management LLC owned about 0.10% of Alpha and Omega Semiconductor worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in Alpha and Omega Semiconductor in the second quarter valued at about $36,000. Truvestments Capital LLC acquired a new position in Alpha and Omega Semiconductor in the third quarter valued at approximately $45,000. Point72 DIFC Ltd bought a new position in Alpha and Omega Semiconductor in the second quarter valued at approximately $47,000. Hollencrest Capital Management acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $62,000. 78.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AOSL has been the topic of several analyst reports. B. Riley cut their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus reduced their price objective on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Monday. Finally, Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL opened at $46.55 on Wednesday. The firm’s 50 day moving average price is $35.04 and its two-hundred day moving average price is $35.44. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. Alpha and Omega Semiconductor Limited has a twelve month low of $19.38 and a twelve month high of $47.45. The firm has a market cap of $1.35 billion, a P/E ratio of -69.48 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $181.89 million during the quarter, compared to analyst estimates of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, analysts forecast that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.90% of the stock is owned by insiders.

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.