Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Up 22.6% in August

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 966,100 shares, an increase of 22.6% from the August 15th total of 788,100 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average trading volume of 426,000 shares, the short-interest ratio is presently 2.3 days.

Alpha and Omega Semiconductor Trading Down 5.6 %

Shares of AOSL stock traded down $2.08 during trading hours on Monday, reaching $35.33. 64,753 shares of the stock were exchanged, compared to its average volume of 250,478. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -103.79 and a beta of 2.42. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $47.45. The company’s 50-day moving average price is $38.54 and its 200-day moving average price is $30.50. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative return on equity of 0.33% and a negative net margin of 1.69%. The business had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.03 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Alpha and Omega Semiconductor will post -1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Stifel Nicolaus increased their price target on Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, July 18th. Benchmark lifted their price objective on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, B. Riley upped their price objective on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, July 11th.

Insiders Place Their Bets

In other news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total value of $128,528.62. Following the completion of the sale, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Lucas S. Chang sold 3,377 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total value of $128,528.62. Following the transaction, the director now directly owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Yifan Liang sold 10,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the sale, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at $10,548,066.40. The disclosure for this sale can be found here. 17.90% of the stock is owned by company insiders.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of AOSL. Pineridge Advisors LLC bought a new stake in Alpha and Omega Semiconductor during the 4th quarter valued at $30,000. Gladius Capital Management LP purchased a new position in Alpha and Omega Semiconductor in the second quarter valued at about $36,000. Point72 DIFC Ltd bought a new position in Alpha and Omega Semiconductor in the second quarter worth about $47,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alpha and Omega Semiconductor during the second quarter valued at about $62,000. Finally, nVerses Capital LLC bought a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $116,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.