Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Down 15.5% in January

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,630,000 shares, a decrease of 15.5% from the December 31st 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. Approximately 7.0% of the company’s stock are sold short.

Insider Activity

In other Alpha and Omega Semiconductor news, Director Lucas S. Chang sold 12,497 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.46, for a total value of $518,125.62. Following the completion of the sale, the director now owns 25,204 shares in the company, valued at approximately $1,044,957.84. This trade represents a 33.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bing Xue sold 875 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now directly owns 128,986 shares in the company, valued at approximately $5,288,426. This represents a 0.67 % decrease in their position. 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 quarter. Insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at $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. purchased a new stake in shares of Alpha and Omega Semiconductor in the second quarter worth about $62,000. Finally, Farther Finance Advisors LLC boosted its position 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 valued at $66,000 after acquiring an additional 1,750 shares during the period. 78.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented 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. 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 report on Tuesday, November 5th. Stifel Nicolaus reduced their target price 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. Finally, Benchmark restated a “buy” rating and set a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

AOSL traded up $1.00 during trading hours on Friday, hitting $38.42. The stock had a trading volume of 590,755 shares, compared to its average volume of 513,848. Alpha and Omega Semiconductor has a 1 year low of $19.38 and a 1 year high of $53.29. The company’s fifty day simple moving average is $40.40 and its 200 day simple moving average is $37.70. The stock has a market cap of $1.12 billion, a PE ratio of -57.34 and a beta of 2.48. 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 (NASDAQ:AOSL) last posted its 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 business had revenue of $181.89 million during 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%. Alpha and Omega Semiconductor’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Equities analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

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.