Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Sees Large Growth in Short Interest

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was the recipient of a large 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 short-interest ratio is currently 2.8 days. Approximately 4.5% of the company’s shares are short sold.

Alpha and Omega Semiconductor Stock Up 15.0 %

AOSL traded up $5.42 during trading hours on Friday, reaching $41.47. 804,398 shares of the stock traded hands, compared to its average volume of 285,424. Alpha and Omega Semiconductor has a fifty-two week low of $19.38 and a fifty-two week high of $47.45. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -61.90 and a beta of 2.42. 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 firm’s fifty day simple moving average is $34.67 and its two-hundred day simple moving average is $35.10.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $181.89 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts forecast that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, COO Wenjun Li sold 2,183 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $35.49, for a total transaction of $77,474.67. Following the completion of the sale, the chief operating officer now directly owns 61,331 shares of the company’s stock, valued at $2,176,637.19. The trade was a 3.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AOSL. Franklin Resources Inc. grew its stake in Alpha and Omega Semiconductor by 9.0% in the third quarter. Franklin Resources Inc. now owns 13,276 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 1,096 shares in the last quarter. Barclays PLC increased its holdings in shares of Alpha and Omega Semiconductor by 367.4% in the 3rd quarter. Barclays PLC now owns 40,359 shares of the semiconductor company’s stock valued at $1,498,000 after acquiring an additional 31,725 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alpha and Omega Semiconductor by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 578,705 shares of the semiconductor company’s stock valued at $21,486,000 after acquiring an additional 31,286 shares in the last quarter. Zacks Investment Management lifted its stake in Alpha and Omega Semiconductor by 12.1% during the third quarter. Zacks Investment Management now owns 67,367 shares of the semiconductor company’s stock worth $2,501,000 after purchasing an additional 7,294 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Alpha and Omega Semiconductor by 77.2% in the third quarter. Jane Street Group LLC now owns 55,243 shares of the semiconductor company’s stock worth $2,051,000 after purchasing an additional 24,067 shares during the period. 78.97% of the stock is currently owned by institutional investors.

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.