Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Sees Large Increase in Short Interest

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was the recipient of a large growth in short interest in the month of 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. Currently, 8.3% of the shares of the company are sold short. Based on an average daily volume of 586,400 shares, the short-interest ratio is currently 3.3 days.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,883 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.38, for a total value of $89,216.54. Following the completion of the transaction, the executive vice president now owns 127,103 shares of the company’s stock, valued at approximately $6,022,140.14. This represents a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Claudia Chen sold 5,623 shares of Alpha and Omega Semiconductor 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 sale, the director now owns 26,572 shares in the company, valued at approximately $1,362,346.44. This represents a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,065 shares of company stock valued at $2,534,690 in the last ninety days. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Several large investors have recently modified their holdings of AOSL. Truvestments Capital LLC acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth $45,000. Point72 DIFC Ltd acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $47,000. Hollencrest Capital Management acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at about $62,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 10,937.5% in the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock worth $66,000 after buying an additional 1,750 shares during the period. 78.97% of the stock is owned by institutional investors.

Alpha and Omega Semiconductor Price Performance

Shares of NASDAQ AOSL opened at $36.92 on Tuesday. The firm has a 50-day moving average of $37.46 and a two-hundred day moving average of $37.36. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -55.10 and a beta of 2.48. The company has a current ratio of 2.65, a quick ratio of 1.44 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $53.29.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business 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 firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 24th. B. Riley lowered their price objective on shares of 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. Stifel Nicolaus cut their target price on 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. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor 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.