Principal Financial Group Inc. Sells 5,717 Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL)

Principal Financial Group Inc. reduced its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSLFree Report) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,011 shares of the semiconductor company’s stock after selling 5,717 shares during the quarter. Principal Financial Group Inc.’s holdings in Alpha and Omega Semiconductor were worth $3,611,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Alpha and Omega Semiconductor by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 78,082 shares of the semiconductor company’s stock worth $4,268,000 after purchasing an additional 1,374 shares in the last quarter. US Bancorp DE bought a new position in Alpha and Omega Semiconductor during the first quarter valued at $45,000. Bank of Montreal Can purchased a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth $203,000. BlackRock Inc. lifted its position in shares of Alpha and Omega Semiconductor by 0.5% during the first quarter. BlackRock Inc. now owns 1,460,977 shares of the semiconductor company’s stock worth $79,842,000 after acquiring an additional 7,050 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of Alpha and Omega Semiconductor during the first quarter worth $845,000. 63.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, Chairman Mike F. Chang sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $26.53, for a total transaction of $795,900.00. Following the sale, the chairman now owns 4,337,591 shares in the company, valued at $115,076,289.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Bing Xue sold 1,341 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $26.16, for a total transaction of $35,080.56. Following the transaction, the executive vice president now directly owns 145,583 shares of the company’s stock, valued at $3,808,451.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mike F. Chang sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $26.53, for a total value of $795,900.00. Following the transaction, the chairman now directly owns 4,337,591 shares in the company, valued at $115,076,289.23. The disclosure for this sale can be found here. Insiders have sold 64,014 shares of company stock worth $1,711,360 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus dropped their target price on Alpha and Omega Semiconductor from $26.00 to $24.00 and set a “sell” rating on the stock in a research report on Tuesday, November 7th. B. Riley upgraded Alpha and Omega Semiconductor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $28.00 to $34.00 in a research report on Tuesday, January 2nd. Finally, Benchmark lowered their price objective on Alpha and Omega Semiconductor from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th.

View Our Latest Report on AOSL

Alpha and Omega Semiconductor Trading Down 10.6 %

Shares of AOSL stock opened at $23.00 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.34 and a current ratio of 2.35. Alpha and Omega Semiconductor Limited has a 52-week low of $20.03 and a 52-week high of $35.40. The company has a market capitalization of $638.94 million, a PE ratio of -71.88 and a beta of 2.44. The business’s fifty day moving average is $25.58 and its 200 day moving average is $27.22.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Free Report) last issued its quarterly earnings data on Monday, November 6th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.32. Alpha and Omega Semiconductor had a positive return on equity of 1.57% and a negative net margin of 1.19%. The company had revenue of $180.63 million for the quarter, compared to the consensus estimate of $180.00 million. On average, equities research analysts anticipate that Alpha and Omega Semiconductor Limited will post -0.17 EPS for the current fiscal year.

Alpha and Omega Semiconductor Company Profile

(Free Report)

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.

Further Reading

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

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