Short Interest in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Decreases By 8.9%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 906,500 shares, a decrease of 8.9% from the September 15th total of 994,600 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily trading volume, of 368,900 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AOSL shares. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 18th. B. Riley boosted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus boosted their price target on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the company a “sell” rating in a research report on Thursday, July 18th. Finally, Benchmark upped their target price on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, June 28th.

Insider Activity

In related news, Director Lucas S. Chang sold 3,377 shares of the firm’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 transaction of $128,528.62. Following the completion of the sale, the director now owns 33,245 shares of the company’s stock, valued at $1,265,304.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $35.60, for a total value of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lucas S. Chang sold 3,377 shares of Alpha and Omega Semiconductor stock in a transaction 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 sale, the director now owns 33,245 shares in the company, valued at $1,265,304.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter worth $616,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 101.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after purchasing an additional 100,591 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 18.9% in the 1st quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock valued at $9,842,000 after purchasing an additional 71,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock valued at $46,843,000 after purchasing an additional 40,183 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Alpha and Omega Semiconductor by 867.6% in the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after purchasing an additional 123,093 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Performance

Alpha and Omega Semiconductor stock opened at $37.23 on Thursday. The firm’s 50 day simple moving average is $36.43 and its 200 day simple moving average is $32.68. The company has a current ratio of 2.58, a quick ratio of 1.31 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.07 billion, a PE ratio of -109.50 and a beta of 2.41. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.03 million. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. Alpha and Omega Semiconductor’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, analysts expect that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal 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.