Numeric Investors LLC lessened its stake in shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 675,111 shares of the semiconductor company’s stock after selling 26,800 shares during the period. Numeric Investors LLC owned about 2.81% of Alpha and Omega Semiconductor Limited worth $11,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royce & Associates LP increased its holdings in Alpha and Omega Semiconductor Limited by 45.4% during the second quarter. Royce & Associates LP now owns 818,504 shares of the semiconductor company’s stock worth $13,644,000 after buying an additional 255,666 shares during the last quarter. Morgan Stanley increased its holdings in Alpha and Omega Semiconductor Limited by 55.3% during the first quarter. Morgan Stanley now owns 225,061 shares of the semiconductor company’s stock worth $3,869,000 after buying an additional 80,131 shares during the last quarter. Vanguard Group Inc. increased its holdings in Alpha and Omega Semiconductor Limited by 16.3% during the first quarter. Vanguard Group Inc. now owns 978,591 shares of the semiconductor company’s stock worth $16,822,000 after buying an additional 137,513 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in Alpha and Omega Semiconductor Limited by 644.3% during 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 buying an additional 70,687 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Alpha and Omega Semiconductor Limited by 24.2% during the first quarter. AQR Capital Management LLC now owns 491,373 shares of the semiconductor company’s stock worth $8,447,000 after buying an additional 95,847 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

A number of analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a report on Monday, August 7th. Sidoti began coverage on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 13th. They issued a “buy” rating for the company. Stifel Nicolaus reduced their target price on shares of Alpha and Omega Semiconductor Limited from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, September 7th. Northland Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.75.

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Alpha and Omega Semiconductor Limited (AOSL) opened at 16.49 on Friday. The stock has a market cap of $395.71 million, a P/E ratio of 29.45 and a beta of 0.24. Alpha and Omega Semiconductor Limited has a 1-year low of $14.81 and a 1-year high of $23.93. The stock has a 50 day moving average of $15.81 and a 200 day moving average of $17.17.

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

About Alpha and Omega Semiconductor Limited

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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