Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Update

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

Alpha and Omega Semiconductor Trading Up 9.6%

AOSL stock opened at $22.65 on Monday. The firm has a market cap of $674.06 million, a PE ratio of -6.53 and a beta of 2.01. The stock has a 50-day moving average price of $21.42 and a 200-day moving average price of $24.49. Alpha and Omega Semiconductor has a 1-year low of $15.90 and a 1-year high of $37.37.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AOSL shares. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, February 6th. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 7th. Zacks Research lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 10th. B. Riley Financial reissued a “neutral” rating and issued a $24.00 price target (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a research note on Thursday, November 6th. Finally, Benchmark cut their price objective on Alpha and Omega Semiconductor from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $23.67.

Insider Buying and Selling at Alpha and Omega Semiconductor

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

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in Alpha and Omega Semiconductor by 20.0% in the 3rd quarter. CWM LLC now owns 2,314 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 386 shares during the last quarter. PNC Financial Services Group Inc. grew its stake 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. Nisa Investment Advisors LLC grew its stake in shares of Alpha and Omega Semiconductor by 137.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 586 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Alpha and Omega Semiconductor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,167 shares of the semiconductor company’s stock valued at $352,000 after purchasing an additional 624 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Alpha and Omega Semiconductor by 21.4% during the third quarter. GAMMA Investing LLC now owns 4,109 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 724 shares in the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.