Peregrine Capital Management LLC Has $3.59 Million Stock Holdings in Alpha and Omega Semiconductor Limited $AOSL

Peregrine Capital Management LLC trimmed its position in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 8.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,821 shares of the semiconductor company’s stock after selling 15,601 shares during the period. Peregrine Capital Management LLC owned approximately 0.54% of Alpha and Omega Semiconductor worth $3,586,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in Alpha and Omega Semiconductor by 7.4% in the first quarter. Royal Bank of Canada now owns 11,939 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 820 shares during the period. AQR Capital Management LLC acquired a new position in shares of Alpha and Omega Semiconductor during the first quarter worth approximately $471,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alpha and Omega Semiconductor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock worth $352,000 after purchasing an additional 624 shares during the period. Strs Ohio bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth $70,000. Finally, Creative Planning bought a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth $248,000. 78.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AOSL has been the subject of a number of recent research reports. Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They set a “buy” rating and a $58.00 price target for the company. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Stifel Nicolaus lifted their price objective on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Zacks Research raised shares of Alpha and Omega Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, B. Riley Financial upped their target price on shares of Alpha and Omega Semiconductor from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $37.11 on Friday. Alpha and Omega Semiconductor Limited has a fifty-two week low of $17.01 and a fifty-two week high of $54.34. The firm has a market capitalization of $1.11 billion, a P/E ratio of -10.42 and a beta of 2.55. The company’s 50-day moving average is $43.48 and its 200 day moving average is $29.94.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The firm had revenue of $163.79 million for the quarter, compared to analysts’ expectations of $160.07 million. During the same quarter last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that Alpha and Omega Semiconductor Limited will post -1.5 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the sale, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Yifan Liang sold 8,625 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $35.00, for a total transaction of $301,875.00. Following the completion of the transaction, the chief financial officer directly owned 270,003 shares in the company, valued at $9,450,105. This trade represents a 3.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 62,368 shares of company stock worth $2,092,671. 16.70% of the stock is owned by company insiders.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.