Prudential Financial Inc. cut its holdings in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,185 shares of the semiconductor company’s stock after selling 13,430 shares during the period. Prudential Financial Inc. owned 0.86% of Alpha and Omega Semiconductor Limited worth $3,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP raised its position in Alpha and Omega Semiconductor Limited by 45.4% in the second quarter. Royce & Associates LP now owns 818,504 shares of the semiconductor company’s stock worth $13,644,000 after acquiring an additional 255,666 shares during the period. Virginia Retirement Systems ET AL raised its position in Alpha and Omega Semiconductor Limited by 3.6% in the second quarter. Virginia Retirement Systems ET AL now owns 34,600 shares of the semiconductor company’s stock worth $577,000 after acquiring an additional 1,200 shares during the period. Marshall Wace North America L.P. raised its position in Alpha and Omega Semiconductor Limited by 644.3% in the second quarter. Marshall Wace North America L.P. now owns 81,658 shares of the semiconductor company’s stock worth $1,388,000 after acquiring an additional 70,687 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Alpha and Omega Semiconductor Limited in the second quarter worth approximately $468,000. Finally, Russell Investments Group Ltd. raised its position in Alpha and Omega Semiconductor Limited by 29.7% in the second quarter. Russell Investments Group Ltd. now owns 232,968 shares of the semiconductor company’s stock worth $3,883,000 after acquiring an additional 53,282 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

Alpha and Omega Semiconductor Limited (NASDAQ AOSL) opened at 15.70 on Friday. The company has a market capitalization of $376.75 million, a P/E ratio of 28.04 and a beta of 0.24. The firm has a 50-day moving average of $15.81 and a 200 day moving average of $17.17. Alpha and Omega Semiconductor Limited has a 52-week low of $14.81 and a 52-week high of $23.93.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. The business had revenue of $98.00 million for the quarter, compared to the consensus estimate of $97.50 million. Alpha and Omega Semiconductor Limited had a net margin of 3.61% and a return on equity of 4.76%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts predict that Alpha and Omega Semiconductor Limited will post $1.02 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/23/prudential-financial-inc-sells-13430-shares-of-alpha-and-omega-semiconductor-limited-aosl.html.

AOSL has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Northland Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a research report on Thursday, July 6th. Sidoti initiated coverage on shares of Alpha and Omega Semiconductor Limited in a research report on Thursday, July 13th. They issued a “buy” rating on the stock. Stifel Nicolaus decreased their price target on shares of Alpha and Omega Semiconductor Limited from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, September 7th. Finally, B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Alpha and Omega Semiconductor Limited in a research report on Sunday, August 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.75.

Alpha and Omega Semiconductor Limited Company 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).

Want to see what other hedge funds are holding AOSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alpha and Omega Semiconductor Limited (NASDAQ:AOSL).

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

Receive News & Ratings for Alpha and Omega Semiconductor Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor Limited and related companies with MarketBeat.com's FREE daily email newsletter.