Short Interest in Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Declines By 20.5%

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,382,303 shares, a decline of 20.5% from the January 15th total of 1,737,894 shares. Based on an average daily trading volume, of 322,847 shares, the days-to-cover ratio is presently 4.3 days. Currently, 5.6% of the company’s stock are sold short. Currently, 5.6% of the company’s stock are sold short. Based on an average daily trading volume, of 322,847 shares, the days-to-cover ratio is presently 4.3 days.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL opened at $22.65 on Tuesday. The firm has a market cap of $674.06 million, a price-to-earnings ratio of -6.53 and a beta of 2.01. Alpha and Omega Semiconductor has a 52-week low of $15.90 and a 52-week high of $37.37. The business’s fifty day moving average is $21.44 and its 200-day moving average is $24.47.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.08). The company had revenue of $162.26 million for the quarter, compared to analyst estimates of $160.67 million. Alpha and Omega Semiconductor had a negative return on equity of 3.78% and a negative net margin of 15.06%.Alpha and Omega Semiconductor’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. As a group, research analysts forecast that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Bing Xue sold 1,845 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $20.56, for a total transaction of $37,933.20. Following the completion of the sale, the executive vice president directly owned 127,863 shares in the company, valued at approximately $2,628,863.28. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.70% of the company’s stock.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in Alpha and Omega Semiconductor by 137.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 586 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Alpha and Omega Semiconductor by 634.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,036 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 895 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 49.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 504 shares in the last quarter. CWM LLC increased its position in shares of Alpha and Omega Semiconductor by 403.4% during the 2nd quarter. CWM LLC now owns 1,928 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 1,545 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Alpha and Omega Semiconductor during the third quarter worth about $62,000. 78.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $24.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, February 6th. B. Riley Financial reiterated a “neutral” rating and set a $24.00 price target (down previously from $40.00) on shares of Alpha and Omega Semiconductor in a research report on Thursday, November 6th. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $23.67.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.