Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Up 23.8% in November

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,070,000 shares, an increase of 23.8% from the October 31st total of 864,300 shares. Based on an average daily trading volume, of 380,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.5% of the company’s shares are sold short.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley reduced their price target on Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Wednesday, November 6th. StockNews.com downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Trading Up 15.0 %

AOSL opened at $41.47 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.65 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $34.67 and its two-hundred day moving average is $35.21. The company has a market capitalization of $1.20 billion, a P/E ratio of -61.89 and a beta of 2.42. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The firm had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Analysts forecast that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Wenjun Li sold 2,183 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $35.49, for a total value of $77,474.67. Following the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Alpha and Omega Semiconductor by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after buying an additional 40,183 shares in the last quarter. Algert Global LLC raised its position in shares of Alpha and Omega Semiconductor by 172.8% in the 3rd quarter. Algert Global LLC now owns 89,920 shares of the semiconductor company’s stock worth $3,338,000 after acquiring an additional 56,962 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 5.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after purchasing an additional 25,100 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 867.6% during the 2nd quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock worth $5,130,000 after purchasing an additional 123,093 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Alpha and Omega Semiconductor by 10,937.5% during the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 1,750 shares in the last quarter. Institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.