Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Up 8.0% in January

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,900,000 shares, a growth of 8.0% from the January 15th total of 1,760,000 shares. Based on an average daily volume of 813,200 shares, the short-interest ratio is currently 2.3 days. Currently, 8.0% of the shares of the stock are short sold.

Insider Activity

In other news, Director Claudia Chen sold 5,623 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $51.27, for a total transaction of $288,291.21. Following the completion of the transaction, the director now directly owns 26,572 shares in the company, valued at $1,362,346.44. The trade was a 17.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bing Xue sold 1,242 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $35.00, for a total transaction of $43,470.00. Following the transaction, the executive vice president now owns 115,368 shares of the company's stock, valued at $4,037,880. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,124 shares of company stock worth $2,500,685 in the last three months. Corporate insiders own 16.90% of the company's stock.

Institutional Trading of Alpha and Omega Semiconductor

Several institutional investors have recently added to or reduced their stakes in AOSL. Hood River Capital Management LLC purchased a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at about $42,162,000. State Street Corp raised its stake in shares of Alpha and Omega Semiconductor by 33.2% during the third quarter. State Street Corp now owns 1,341,290 shares of the semiconductor company's stock valued at $49,789,000 after acquiring an additional 334,657 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at about $11,612,000. Millennium Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 2,741.6% during the fourth quarter. Millennium Management LLC now owns 256,712 shares of the semiconductor company's stock valued at $9,506,000 after acquiring an additional 247,678 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Alpha and Omega Semiconductor by 110.1% during the third quarter. Point72 Asset Management L.P. now owns 471,535 shares of the semiconductor company's stock valued at $17,503,000 after acquiring an additional 247,051 shares during the last quarter. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Trading Down 0.6 %

NASDAQ AOSL traded down $0.24 during trading on Thursday, hitting $36.41. 310,315 shares of the company's stock traded hands, compared to its average volume of 672,634. The stock has a fifty day moving average of $38.58 and a two-hundred day moving average of $37.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $53.29. The firm has a market cap of $1.07 billion, a P/E ratio of -45.51 and a beta of 2.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.26). Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. As a group, sell-side analysts expect that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AOSL. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research report on Thursday, February 13th. B. Riley cut their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Benchmark upped their target price on shares of Alpha and Omega Semiconductor from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Stifel Nicolaus cut their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a "sell" rating for the company in a research report on Wednesday, November 6th.

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.