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

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 935,800 shares, an increase of 6.3% from the March 31st total of 880,600 shares. Based on an average trading volume of 132,400 shares, the days-to-cover ratio is presently 7.1 days. Currently, 4.1% of the company's stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, April 18th. StockNews.com raised shares of Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a report on Wednesday, March 6th. Finally, B. Riley raised shares of Alpha and Omega Semiconductor from a "neutral" rating to a "buy" rating and lifted their price target for the company from $28.00 to $34.00 in a report on Tuesday, January 2nd.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL traded down $0.59 during midday trading on Tuesday, reaching $21.87. 105,987 shares of the company traded hands, compared to its average volume of 137,966. The company has a fifty day moving average price of $21.97 and a 200 day moving average price of $23.71. The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $35.40.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. The company had revenue of $165.29 million during the quarter, compared to the consensus estimate of $165.00 million. Sell-side analysts anticipate that Alpha and Omega Semiconductor will post -0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total transaction of $38,278.92. Following the sale, the executive vice president now directly owns 130,082 shares in the company, valued at approximately $2,545,704.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the firm's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the completion of the transaction, the executive vice president now directly owns 130,082 shares of the company's stock, valued at approximately $2,545,704.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yifan Liang sold 20,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $23.31, for a total transaction of $466,200.00. Following the completion of the sale, the chief financial officer now directly owns 293,296 shares of the company's stock, valued at approximately $6,836,729.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,649 shares of company stock worth $920,392. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC bought a new stake in shares of Alpha and Omega Semiconductor during the third quarter valued at about $975,000. The Manufacturers Life Insurance Company raised its stake in shares of Alpha and Omega Semiconductor by 24.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,005,929 shares of the semiconductor company's stock worth $30,017,000 after buying an additional 198,291 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 16.2% in the third quarter. First Eagle Investment Management LLC now owns 393,680 shares of the semiconductor company's stock valued at $11,747,000 after buying an additional 54,927 shares during the period. Boston Partners boosted its stake in Alpha and Omega Semiconductor by 6.2% during the third quarter. Boston Partners now owns 37,801 shares of the semiconductor company's stock valued at $1,128,000 after buying an additional 2,220 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Alpha and Omega Semiconductor by 288.5% during the third quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company's stock worth $8,752,000 after acquiring an additional 217,800 shares during the period. 78.97% of the stock is 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.