Have Hedge Funds Uncovered A Hidden Gem in Alpha and Omega Semiconductor Ltd (AOSL)?

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Consequently, some big names were leading the bulls’ herd. Citadel Investment Group, led by Ken Griffin, assembled the largest position in Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). Citadel Investment Group had $1.4 million invested in the company at the end of the quarter. Thomas Bailard’s Bailard Inc also made a $0.3 million investment in the stock during the quarter. The other funds with new positions in the stock are Mike Vranos’ Ellington and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now review hedge fund activity in other stocks similar to Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL). These stocks are Axcelis Technologies Inc (NASDAQ:ACLS), Freshpet Inc (NASDAQ:FRPT), Heidrick & Struggles International, Inc. (NASDAQ:HSII), and Perry Ellis International, Inc. (NASDAQ:PERY). This group of stocks’ market caps are similar to AOSL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ACLS 10 57942 -2
FRPT 6 14287 0
HSII 13 58545 -2
PERY 12 20434 0

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $51 million in AOSL’s case. Heidrick & Struggles International, Inc. (NASDAQ:HSII) is the most popular stock in this table. On the other hand Freshpet Inc (NASDAQ:FRPT) is the least popular one with only 6 bullish hedge fund positions. Compared to these stocks Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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