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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw 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 trading volume, of 628,900 shares, the days-to-cover ratio is currently 2.6 days. Currently, 7.0% of the shares of the stock are sold short.

Analyst Ratings Changes

AOSL has been the topic of several analyst reports. B. Riley reduced their price objective 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 target on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Stifel Nicolaus dropped 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.

Alpha and Omega Semiconductor Stock Up 5.5 %

NASDAQ AOSL traded up $2.11 on Friday, hitting $40.42. The stock had a trading volume of 173,729 shares, compared to its average volume of 434,129. The business’s fifty day moving average price is $38.56 and its 200 day moving average price is $37.65. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $53.29. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -60.28 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 posted its quarterly earnings data 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 company had revenue of $181.89 million for the quarter, compared to analyst estimates 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%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Equities research analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 31,004 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $49.21, for a total transaction of $1,525,706.84. Following the sale, the chief financial officer now directly owns 265,175 shares of the company’s stock, valued at $13,049,261.75. This represents a 10.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Claudia Chen sold 5,623 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the transaction, the director now directly owns 26,572 shares of the company’s stock, valued at approximately $1,362,346.44. This trade represents a 17.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,307 shares of company stock worth $2,578,160. 16.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of Alpha and Omega Semiconductor by 33.2% in the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company’s stock valued at $49,789,000 after buying an additional 334,657 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Alpha and Omega Semiconductor by 15.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284,650 shares of the semiconductor company’s stock valued at $48,007,000 after acquiring an additional 169,619 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alpha and Omega Semiconductor by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock worth $21,486,000 after purchasing an additional 31,286 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after purchasing an additional 25,100 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Alpha and Omega Semiconductor by 110.1% in the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company’s stock valued at $17,503,000 after purchasing an additional 247,051 shares in the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

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.