Short Interest in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Drops By 15.5%

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

Alpha and Omega Semiconductor Stock Up 3.2 %

Shares of NASDAQ AOSL opened at $36.67 on Thursday. Alpha and Omega Semiconductor has a one year low of $19.38 and a one year high of $53.29. The business’s fifty day moving average price is $38.34 and its 200-day moving average price is $37.65. The stock has a market capitalization of $1.06 billion, a PE ratio of -54.73 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44.

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

Insiders Place Their Bets

In related news, Director Claudia Chen sold 5,623 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the transaction, the director now directly owns 26,572 shares of the company’s stock, valued at $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bing Xue sold 875 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the completion of the sale, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at $5,288,426. The trade was a 0.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,307 shares of company stock valued at $2,578,160. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of AOSL. Truvestments Capital LLC bought a new position in shares of Alpha and Omega Semiconductor in the third quarter worth $45,000. Point72 DIFC Ltd bought a new stake in shares of Alpha and Omega Semiconductor during the second quarter valued at about $47,000. Hollencrest Capital Management purchased a new stake in shares of Alpha and Omega Semiconductor in the third quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $62,000. Finally, Farther Finance Advisors LLC grew its stake in Alpha and Omega Semiconductor by 10,937.5% during the third 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 in the last quarter. Institutional investors own 78.97% of the company’s stock.

Wall Street Analyst Weigh In

AOSL has been the topic of a number of research analyst reports. B. Riley cut their target price 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. Benchmark restated 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. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating for the company in a research report on Wednesday, November 6th.

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.