Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Shares Bought by The Manufacturers Life Insurance Company

Posted by Defense World Staff on Jun 9th, 2023

The Manufacturers Life Insurance Company raised its stake in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Rating) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 659,822 shares of the semiconductor company’s stock after acquiring an additional 67,258 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 2.39% of Alpha and Omega Semiconductor worth $18,851,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in Alpha and Omega Semiconductor by 2.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,137 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 311 shares during the last quarter. Royal Bank of Canada raised its stake in Alpha and Omega Semiconductor by 5.1% in the 3rd quarter. Royal Bank of Canada now owns 8,122 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 393 shares during the last quarter. Boston Partners raised its stake in Alpha and Omega Semiconductor by 1.1% in the 4th quarter. Boston Partners now owns 35,581 shares of the semiconductor company’s stock valued at $165,000 after purchasing an additional 393 shares during the last quarter. Principal Financial Group Inc. raised its stake in Alpha and Omega Semiconductor by 0.3% in the 4th quarter. Principal Financial Group Inc. now owns 146,346 shares of the semiconductor company’s stock valued at $4,181,000 after purchasing an additional 411 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in Alpha and Omega Semiconductor by 21.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 4,410 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 774 shares in the last quarter. 67.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Benchmark restated a “buy” rating and issued a $42.00 target price on shares of Alpha and Omega Semiconductor in a report on Monday, March 13th. Stifel Nicolaus dropped their target price on Alpha and Omega Semiconductor from $27.00 to $22.00 and set a “sell” rating for the company in a report on Wednesday, April 19th. Finally, StockNews.com assumed coverage on Alpha and Omega Semiconductor in a report on Thursday, May 18th. They issued a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $29.51 on Friday. The stock has a market cap of $811.23 million, a PE ratio of 31.39 and a beta of 2.48. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.05. Alpha and Omega Semiconductor Limited has a twelve month low of $20.64 and a twelve month high of $45.89. The stock has a fifty day simple moving average of $25.80 and a 200-day simple moving average of $28.53.

Insider Transactions at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 3,226 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $23.96, for a total transaction of $77,294.96. Following the completion of the transaction, the executive vice president now directly owns 72,565 shares in the company, valued at approximately $1,738,657.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 7,854 shares of company stock worth $194,235. 18.90% of the stock is currently owned by company insiders.

Alpha and Omega Semiconductor Profile

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Alpha & Omega Semiconductor Ltd. engages in the construction and operation of power semiconductor packaging, testing, and wafer fabrication facilities. It operates through the following geographical segments: Hong Kong, China, South Korea, the United States, and Other Countries. The company was founded by Mike F.