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 significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,630,000 shares, a decline of 15.5% from the December 31st 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. Approximately 7.0% of the shares of the stock are sold short.

Alpha and Omega Semiconductor Trading Up 2.7 %

Shares of AOSL stock traded up $1.00 during mid-day trading on Friday, hitting $38.42. The company’s stock had a trading volume of 590,755 shares, compared to its average volume of 513,848. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $53.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The company’s fifty day simple moving average is $40.40 and its 200-day simple moving average is $37.70. The company has a market cap of $1.12 billion, a PE ratio of -57.34 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share (EPS) 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 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%. Alpha and Omega Semiconductor’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, equities research analysts expect that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

AOSL has been the subject of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. Stifel Nicolaus lowered their price objective 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. B. Riley reduced their target price on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,242 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $35.00, for a total value of $43,470.00. Following the completion of the transaction, the executive vice president now owns 115,368 shares of the company’s stock, valued at $4,037,880. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Yifan Liang sold 31,004 shares of Alpha and Omega Semiconductor 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 owns 265,175 shares in the company, valued at approximately $13,049,261.75. This represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,124 shares of company stock valued at $2,500,685. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOSL. Truvestments Capital LLC acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter worth approximately $45,000. Point72 DIFC Ltd acquired a new position in Alpha and Omega Semiconductor during the second quarter worth $47,000. Hollencrest Capital Management bought a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at about $62,000. Finally, Farther Finance Advisors LLC increased its position in shares of 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 worth $66,000 after acquiring an additional 1,750 shares in the last quarter. 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.