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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a large decrease in short interest in 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. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 368,900 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. B. Riley raised their price objective on 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. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, September 18th. Stifel Nicolaus upped their price target on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a research note on Thursday, July 18th. Finally, Benchmark increased their price objective on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, June 28th.

Insider Activity

In other 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 transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lucas S. Chang sold 3,377 shares of the firm’s stock in a transaction dated 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 approximately $1,265,304.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Yifan Liang sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.60, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now owns 296,294 shares of the company’s stock, valued at $10,548,066.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $36,000. Point72 DIFC Ltd purchased a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at about $47,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $62,000. nVerses Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor in the second quarter worth approximately $116,000. Finally, Susquehanna International Group Ltd. bought a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $248,000. Institutional investors own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Up 1.3 %

AOSL stock opened at $37.23 on Thursday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -109.50 and a beta of 2.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.58 and a quick ratio of 1.31. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $47.45. The business has a fifty day moving average price of $36.43 and a 200-day moving average price of $32.68.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued 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. 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 firm earned $0.08 EPS. Alpha and Omega Semiconductor’s revenue was down .1% on a year-over-year basis. Equities analysts forecast that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current fiscal year.

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.