Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Up 23.8% in November

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,070,000 shares, an increase of 23.8% from the October 31st total of 864,300 shares. Based on an average daily volume of 380,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.5% of the shares of the stock are sold short.

Alpha and Omega Semiconductor Stock Performance

Shares of NASDAQ:AOSL opened at $41.47 on Friday. 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 firm has a market cap of $1.20 billion, a PE ratio of -61.90 and a beta of 2.42. The firm’s 50 day simple moving average is $34.67 and its 200-day simple moving average is $35.16. Alpha and Omega Semiconductor has a one year low of $19.38 and a one year high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million for the quarter, compared to the consensus estimate of $180.07 million. During the same period last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Alpha and Omega Semiconductor will post -0.67 EPS for the current year.

Insider Activity at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $35.49, for a total transaction of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares in the company, valued at $2,176,637.19. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP purchased a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $36,000. Truvestments Capital LLC purchased a new stake in Alpha and Omega Semiconductor during the third quarter worth $45,000. Point72 DIFC Ltd bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at $47,000. Hollencrest Capital Management bought a new stake in Alpha and Omega Semiconductor during the 3rd quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth $62,000. 78.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus lowered their price target 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. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Finally, B. Riley reduced their price target 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.

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.