The Manufacturers Life Insurance Company Has $45.09 Million Stock Position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

The Manufacturers Life Insurance Company reduced its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,214,631 shares of the semiconductor company’s stock after selling 70,019 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Alpha and Omega Semiconductor were worth $45,087,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after purchasing an additional 40,183 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Alpha and Omega Semiconductor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock valued at $17,625,000 after buying an additional 25,100 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in Alpha and Omega Semiconductor by 14.6% in the second quarter. Peregrine Capital Management LLC now owns 338,683 shares of the semiconductor company’s stock valued at $12,657,000 after buying an additional 43,031 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Alpha and Omega Semiconductor in the second quarter valued at about $8,389,000. Finally, Bank of New York Mellon Corp boosted its stake in Alpha and Omega Semiconductor by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 170,239 shares of the semiconductor company’s stock valued at $6,362,000 after buying an additional 7,312 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the transaction, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.90% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock opened at $36.05 on Friday. The business’s 50-day moving average price is $34.54 and its 200-day moving average price is $35.00. Alpha and Omega Semiconductor Limited has a 12 month low of $19.38 and a 12 month high of $47.45. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -53.81 and a beta of 2.42. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03.

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

Analysts Set New Price Targets

Several research firms recently weighed in on AOSL. B. Riley reduced their price objective 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 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. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. Finally, StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd.

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 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.