Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Update

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,630,000 shares, a decrease of 15.5% from the December 15th total of 1,930,000 shares. Currently, 7.0% of the shares of the stock are sold short. Based on an average daily volume of 628,900 shares, the short-interest ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AOSL shares. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. B. Riley lowered their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research report on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL opened at $36.67 on Thursday. The firm has a market cap of $1.06 billion, a PE ratio of -54.73 and a beta of 2.48. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $53.29. The business’s 50 day moving average price is $38.34 and its two-hundred day moving average price is $37.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts anticipate that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,242 shares of Alpha and Omega Semiconductor stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $35.00, for a total transaction of $43,470.00. Following the sale, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at approximately $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $49.21, for a total value of $1,525,706.84. Following the completion of the transaction, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,307 shares of company stock valued at $2,578,160 in the last quarter. Insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Alpha and Omega Semiconductor by 33.2% in the 3rd quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after buying an additional 334,657 shares during the period. Point72 Asset Management L.P. boosted its holdings in Alpha and Omega Semiconductor by 110.1% in the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock worth $17,503,000 after acquiring an additional 247,051 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Alpha and Omega Semiconductor by 15.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares during the period. Millennium Management LLC raised its position in shares of Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 123,093 shares during the period. Finally, Algert Global LLC raised its position in shares of Alpha and Omega Semiconductor by 172.8% during the third quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after purchasing an additional 56,962 shares during the period. 78.97% of the stock is owned by institutional investors.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.