Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Sees Significant Drop in Short Interest

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,630,000 shares, a decline of 15.5% from the December 31st total of 1,930,000 shares. Approximately 7.0% of the company’s shares are short sold. Based on an average trading volume of 628,900 shares, the days-to-cover ratio is currently 2.6 days.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL stock traded up $1.68 during trading hours on Friday, reaching $39.10. The company’s stock had a trading volume of 169,353 shares, compared to its average volume of 543,164. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $53.29. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -58.54 and a beta of 2.48. The firm’s 50 day simple moving average is $40.40 and its 200-day simple moving average is $37.70.

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 firm had revenue of $181.89 million for the quarter, compared to analyst estimates 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 company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Sell-side analysts forecast that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AOSL shares. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th. B. Riley reduced their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their target price on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th.

Insider Transactions at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,242 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 115,368 shares of the company’s stock, valued at $4,037,880. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Yifan Liang sold 31,004 shares of the 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 transaction, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 53,124 shares of company stock worth $2,500,685 over the last 90 days. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the 3rd quarter worth about $45,000. Point72 DIFC Ltd bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at $47,000. Hollencrest Capital Management bought a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at $62,000. Finally, Farther Finance Advisors LLC raised its holdings in Alpha and Omega Semiconductor by 10,937.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 1,750 shares during the period. 78.97% of the stock is owned by institutional investors.

About Alpha and Omega Semiconductor

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.