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 in 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. Currently, 4.5% of the company’s stock are short sold. Based on an average trading volume of 380,000 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analysts Forecast Growth

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

Alpha and Omega Semiconductor Stock Up 15.0 %

NASDAQ:AOSL opened at $41.47 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.65 and a quick ratio of 1.44. The company’s fifty day moving average price is $34.67 and its 200-day moving average price is $35.16. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $47.45. The firm has a market capitalization of $1.20 billion, a P/E ratio of -61.90 and a beta of 2.42.

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

Insider Buying and Selling at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, COO Wenjun Li sold 2,183 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $35.49, for a total value of $77,474.67. Following the completion of the sale, the chief operating officer now owns 61,331 shares of the company’s stock, valued at approximately $2,176,637.19. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by insiders.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Alpha and Omega Semiconductor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,125,356 shares of the semiconductor company’s stock worth $46,843,000 after purchasing an additional 40,183 shares in the last quarter. Algert Global LLC lifted its stake 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 valued at $3,338,000 after purchasing an additional 56,962 shares during the period. First Eagle Investment Management LLC boosted its holdings in Alpha and Omega Semiconductor by 5.6% during the second quarter. First Eagle Investment Management LLC now owns 471,642 shares of the semiconductor company’s stock worth $17,625,000 after buying an additional 25,100 shares in the last quarter. Millennium Management LLC grew its position in Alpha and Omega Semiconductor by 867.6% during the second quarter. Millennium Management LLC now owns 137,280 shares of the semiconductor company’s stock valued at $5,130,000 after buying an additional 123,093 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Alpha and Omega Semiconductor by 10,937.5% in the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 1,750 shares in the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

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.