Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 966,100 shares, a growth of 22.6% from the August 15th total of 788,100 shares. Based on an average daily volume of 426,000 shares, the short-interest ratio is currently 2.3 days. Approximately 4.1% of the company’s shares are short sold.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. B. Riley boosted their price target on shares of Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Stifel Nicolaus boosted their price objective on shares of Alpha and Omega Semiconductor from $21.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, July 18th. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Benchmark boosted their price objective on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, June 28th.
Read Our Latest Report on AOSL
Alpha and Omega Semiconductor Price Performance
Shares of NASDAQ AOSL traded up $2.35 on Friday, hitting $37.41. The company’s stock had a trading volume of 247,703 shares, compared to its average volume of 251,525. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $47.45. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -110.03 and a beta of 2.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.58 and a quick ratio of 1.31. The stock has a 50 day moving average of $38.54 and a 200-day moving average of $30.50.
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. Alpha and Omega Semiconductor had a negative net margin of 1.69% and a negative return on equity of 0.33%. The company had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.03 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts predict that Alpha and Omega Semiconductor will post -1.06 EPS for the current year.
Insider Buying and Selling
In related news, Director Lucas S. Chang sold 3,377 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $38.06, for a total transaction of $128,528.62. Following the completion of the transaction, the director now owns 33,245 shares of the company’s stock, valued at approximately $1,265,304.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Yifan Liang sold 10,000 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, August 12th. The shares were sold at an average price of $35.60, for a total transaction of $356,000.00. Following the sale, the chief financial officer now directly owns 296,294 shares in the company, valued at approximately $10,548,066.40. 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 3,377 shares of Alpha and Omega Semiconductor stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $38.06, for a total transaction of $128,528.62. Following the sale, the director now owns 33,245 shares in the company, valued at $1,265,304.70. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Alpha and Omega Semiconductor
Several institutional investors and hedge funds have recently modified their holdings of the business. Gladius Capital Management LP acquired a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $36,000. Pineridge Advisors LLC acquired a new position in shares of Alpha and Omega Semiconductor in the fourth quarter valued at approximately $30,000. Point72 DIFC Ltd acquired a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $47,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at approximately $62,000. Finally, nVerses Capital LLC acquired a new position in Alpha and Omega Semiconductor during the second quarter worth approximately $116,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.
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.
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