Short Interest in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Grows By 69.8%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSLGet Rating) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,970,000 shares, a growth of 69.8% from the May 15th total of 1,160,000 shares. Based on an average daily volume of 739,100 shares, the short-interest ratio is presently 2.7 days. Currently, 9.1% of the company’s stock are sold short.

Alpha and Omega Semiconductor stock opened at $37.84 on Monday. The stock has a fifty day simple moving average of $42.67 and a two-hundred day simple moving average of $48.95. Alpha and Omega Semiconductor has a 12 month low of $23.66 and a 12 month high of $69.99. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 2.33 and a beta of 2.46. The company has a current ratio of 2.60, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07.

Alpha and Omega Semiconductor (NASDAQ:AOSLGet Rating) last issued its earnings results on Thursday, May 5th. The semiconductor company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.14. The company had revenue of $203.20 million during the quarter, compared to the consensus estimate of $194.03 million. Alpha and Omega Semiconductor had a net margin of 60.14% and a return on equity of 15.07%. Alpha and Omega Semiconductor’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, equities research analysts forecast that Alpha and Omega Semiconductor will post 3.42 EPS for the current fiscal year.

In other news, EVP Bing Xue sold 4,024 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $49.79, for a total value of $200,354.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Salameh sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $36.68, for a total transaction of $91,700.00. Following the sale, the director now directly owns 58,425 shares of the company’s stock, valued at approximately $2,143,029. The disclosure for this sale can be found here. Insiders have sold 88,905 shares of company stock valued at $4,604,294 over the last three months. Insiders own 19.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in shares of Alpha and Omega Semiconductor in the first quarter worth about $27,000. First Quadrant LLC CA purchased a new position in shares of Alpha and Omega Semiconductor during the first quarter worth $42,000. Royal Bank of Canada increased its holdings in Alpha and Omega Semiconductor by 79.0% during the 2nd quarter. Royal Bank of Canada now owns 1,471 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 649 shares during the period. Captrust Financial Advisors acquired a new position in shares of Alpha and Omega Semiconductor during the 1st quarter worth about $45,000. Finally, US Bancorp DE acquired a new position in Alpha and Omega Semiconductor during the first quarter worth approximately $45,000. Hedge funds and other institutional investors own 60.66% of the company’s stock.

A number of research analysts have weighed in on AOSL shares. B. Riley dropped their price objective on shares of Alpha and Omega Semiconductor from $67.00 to $62.00 in a research note on Friday, May 6th. Benchmark lowered their target price on shares of Alpha and Omega Semiconductor from $78.00 to $70.00 in a research note on Friday, May 6th. Finally, StockNews.com downgraded shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, May 6th.

Alpha and Omega Semiconductor Company Profile (Get Rating)

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.

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