Wells Fargo & Company MN decreased its position in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 78.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,943 shares of the semiconductor company’s stock after selling 60,411 shares during the period. Wells Fargo & Company MN owned approximately 0.07% of Alpha and Omega Semiconductor Limited worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AOSL. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Alpha and Omega Semiconductor Limited during the second quarter valued at about $178,000. American International Group Inc. raised its position in Alpha and Omega Semiconductor Limited by 7.5% during the first quarter. American International Group Inc. now owns 11,227 shares of the semiconductor company’s stock valued at $193,000 after purchasing an additional 780 shares in the last quarter. Chicago Equity Partners LLC grew its stake in shares of Alpha and Omega Semiconductor Limited by 4.6% during the second quarter. Chicago Equity Partners LLC now owns 19,881 shares of the semiconductor company’s stock valued at $331,000 after buying an additional 870 shares during the last quarter. UBS Group AG grew its stake in shares of Alpha and Omega Semiconductor Limited by 289.0% during the first quarter. UBS Group AG now owns 21,374 shares of the semiconductor company’s stock valued at $368,000 after buying an additional 15,880 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Alpha and Omega Semiconductor Limited during the second quarter valued at about $468,000. Institutional investors and hedge funds own 69.51% of the company’s stock.

In other news, VP Daniel Kuang Ming Chang sold 3,398 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $18.00, for a total transaction of $61,164.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 21.70% of the stock is currently owned by company insiders.

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A number of brokerages have recently issued reports on AOSL. B. Riley raised their price objective on Alpha and Omega Semiconductor Limited from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Northland Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, October 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alpha and Omega Semiconductor Limited has a consensus rating of “Buy” and a consensus target price of $25.00.

Alpha and Omega Semiconductor Limited (AOSL) opened at $17.57 on Friday. Alpha and Omega Semiconductor Limited has a 12 month low of $14.81 and a 12 month high of $23.93. The stock has a market capitalization of $422.35, a PE ratio of 28.80 and a beta of 0.29.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). Alpha and Omega Semiconductor Limited had a net margin of 3.92% and a return on equity of 4.85%. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $103.15 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts predict that Alpha and Omega Semiconductor Limited will post 0.64 EPS for the current fiscal year.

Alpha and Omega Semiconductor Limited Profile

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).

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

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