Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Down 8.9% in September

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

Alpha and Omega Semiconductor Stock Down 0.3 %

NASDAQ AOSL opened at $38.45 on Tuesday. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45. The company has a quick ratio of 1.31, a current ratio of 2.58 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.10 billion, a P/E ratio of -113.09 and a beta of 2.41. The stock’s 50-day moving average price is $36.31 and its 200-day moving average price is $32.55.

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 the consensus estimate of $0.04 by $0.05. The company had revenue of $161.30 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, equities research analysts predict that Alpha and Omega Semiconductor will post -0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

AOSL has been the subject of several research reports. B. Riley increased their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. StockNews.com lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, September 18th. Benchmark boosted their price target on Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, Stifel Nicolaus raised their price objective on 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.

Insider Buying and Selling at Alpha and Omega Semiconductor

In related news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now owns 296,294 shares of the company’s stock, valued at approximately $10,548,066.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Yifan Liang sold 10,000 shares of the stock in a transaction that occurred on 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 approximately $10,548,066.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now directly owns 33,245 shares of the company’s stock, valued at $1,265,304.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

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

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.