Short Interest in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Declines By 20.5%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,382,303 shares, a decline of 20.5% from the January 15th total of 1,737,894 shares. Currently, 5.6% of the shares of the company are short sold. Based on an average daily volume of 322,847 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily volume of 322,847 shares, the days-to-cover ratio is currently 4.3 days. Currently, 5.6% of the shares of the company are short sold.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 1,845 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $20.56, for a total transaction of $37,933.20. Following the completion of the sale, the executive vice president owned 127,863 shares in the company, valued at $2,628,863.28. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of hedge funds have recently bought and sold shares of AOSL. Nisa Investment Advisors LLC grew its position in shares of Alpha and Omega Semiconductor by 137.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock worth $26,000 after buying an additional 586 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Alpha and Omega Semiconductor by 634.8% during the third quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 895 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Alpha and Omega Semiconductor by 49.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 504 shares in the last quarter. CWM LLC raised its position in shares of Alpha and Omega Semiconductor by 403.4% during the 2nd quarter. CWM LLC now owns 1,928 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,545 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Alpha and Omega Semiconductor during the third quarter worth $62,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Stock Up 9.6%

Shares of AOSL stock traded up $1.98 on Friday, reaching $22.65. 486,905 shares of the stock were exchanged, compared to its average volume of 426,322. Alpha and Omega Semiconductor has a 1-year low of $15.90 and a 1-year high of $37.37. The stock has a market cap of $674.06 million, a P/E ratio of -6.53 and a beta of 2.01. The firm has a 50 day moving average of $21.42 and a two-hundred day moving average of $24.51.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.The business had revenue of $162.26 million for the quarter, compared to analyst estimates of $160.67 million. During the same period last year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AOSL shares. Zacks Research downgraded Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Stifel Nicolaus decreased their target price on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. Benchmark dropped their price target on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, January 21st. Finally, B. Riley Financial restated a “neutral” rating and set a $24.00 target price (down from $40.00) on shares of Alpha and Omega Semiconductor in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Alpha and Omega Semiconductor currently has a consensus rating of “Reduce” and an average price target of $23.67.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.