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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,930,000 shares, a growth of 19.9% from the November 30th total of 1,610,000 shares. Approximately 8.3% of the shares of the stock are short sold. Based on an average trading volume of 586,400 shares, the days-to-cover ratio is presently 3.3 days.

Alpha and Omega Semiconductor Trading Down 6.6 %

Shares of AOSL stock traded down $2.69 during mid-day trading on Friday, hitting $38.36. The company’s stock had a trading volume of 481,565 shares, compared to its average volume of 341,095. The company has a market cap of $1.11 billion, a PE ratio of -57.25 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company’s fifty day simple moving average is $37.45 and its 200-day simple moving average is $37.27. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings results 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 firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, equities research analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the transaction, the chief operating officer now owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bing Xue sold 875 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total value of $35,875.00. Following the completion of the transaction, the executive vice president now owns 128,986 shares in the company, valued at $5,288,426. The trade was a 0.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock worth $2,534,690 over the last three months. 16.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Alpha and Omega Semiconductor by 86.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,149 shares of the semiconductor company’s stock valued at $2,084,000 after buying an additional 25,991 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $702,000. Algert Global LLC boosted its stake in shares of Alpha and Omega Semiconductor by 172.8% during the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after acquiring an additional 56,962 shares during the last quarter. State Street Corp lifted its position in Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after purchasing an additional 334,657 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock valued at $17,503,000 after purchasing an additional 247,051 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. B. Riley cut their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Stifel Nicolaus decreased their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research note on Wednesday, November 6th. Finally, Benchmark reaffirmed 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.

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.