Short Interest in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Decreases By 15.5%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,630,000 shares, a decrease of 15.5% from the December 15th total of 1,930,000 shares. Based on an average trading volume of 628,900 shares, the short-interest ratio is presently 2.6 days. Approximately 7.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AOSL. B. Riley reduced their price objective on shares of 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. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of Alpha and Omega Semiconductor in a research note on Wednesday, November 6th. StockNews.com raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Tuesday, December 24th. Finally, Stifel Nicolaus reduced their price target on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a research note on Wednesday, November 6th.

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock traded up $1.54 during trading on Thursday, reaching $38.21. 501,879 shares of the company's stock were exchanged, compared to its average volume of 446,705. The firm's 50-day moving average price is $38.34 and its 200 day moving average price is $37.65. The company has a market cap of $1.11 billion, a P/E ratio of -56.89 and a beta of 2.48. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $53.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released 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). The company had revenue of $181.89 million during the quarter, compared to the consensus estimate of $180.07 million. Alpha and Omega Semiconductor had a negative net margin of 2.94% and a positive return on equity of 0.19%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. As a group, research analysts anticipate that Alpha and Omega Semiconductor will post -0.67 earnings per share for the current year.

Insider Buying and Selling at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 875 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $41.00, for a total value of $35,875.00. Following the transaction, the executive vice president now owns 128,986 shares of the company's stock, valued at approximately $5,288,426. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lucas S. Chang sold 12,497 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.46, for a total value of $518,125.62. Following the sale, the director now directly owns 25,204 shares of the company's stock, valued at approximately $1,044,957.84. This trade represents a 33.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,307 shares of company stock worth $2,578,160 over the last three months. Company insiders own 16.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 3rd quarter worth about $45,000. Point72 DIFC Ltd purchased a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at about $47,000. Hollencrest Capital Management bought a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter worth approximately $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth about $62,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Alpha and Omega Semiconductor by 10,937.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company's stock worth $66,000 after purchasing an additional 1,750 shares during the period. 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.