Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Short Interest Down 10.5% in November

Defense World · Dec 19, 2022 03:01

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL – Get Rating) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,040,000 shares, a decrease of 10.5% from the November 15th total of 2,280,000 shares. Approximately 9.3% of the company's shares are short sold. Based on an average daily trading volume, of 263,700 shares, the days-to-cover ratio is presently 7.7 days.

Analyst Ratings Changes

AOSL has been the topic of a number of analyst reports. B. Riley cut their price target on Alpha and Omega Semiconductor from $45.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 4th. StockNews.com began coverage on Alpha and Omega Semiconductor in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock.

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Insiders Place Their Bets

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 2,487 shares of the company's stock in a transaction on Friday, October 14th. The stock was sold at an average price of $30.30, for a total transaction of $75,356.10. Following the transaction, the executive vice president now owns 55,252 shares of the company's stock, valued at approximately $1,674,135.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 18.90% of the company's stock.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Alpha and Omega Semiconductor by 1.9% in the 3rd quarter. BlackRock Inc. now owns 3,507,102 shares of the semiconductor company's stock valued at $107,879,000 after acquiring an additional 66,364 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Alpha and Omega Semiconductor by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,073,553 shares of the semiconductor company's stock valued at $63,784,000 after purchasing an additional 40,274 shares during the last quarter. Vanguard Group Inc. lifted its stake in Alpha and Omega Semiconductor by 19.2% in the 1st quarter. Vanguard Group Inc. now owns 1,958,742 shares of the semiconductor company's stock valued at $107,047,000 after purchasing an additional 315,805 shares during the last quarter. State Street Corp lifted its stake in Alpha and Omega Semiconductor by 5.5% in the 3rd quarter. State Street Corp now owns 1,577,833 shares of the semiconductor company's stock valued at $48,534,000 after purchasing an additional 81,999 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 16.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,564 shares of the semiconductor company's stock valued at $18,227,000 after purchasing an additional 81,954 shares during the last quarter. Institutional investors own 67.27% of the company's stock.

Alpha and Omega Semiconductor Price Performance

AOSL opened at $30.30 on Monday. The company has a fifty day simple moving average of $33.02 and a 200 day simple moving average of $35.33. The stock has a market cap of $830.46 million, a P/E ratio of 1.89 and a beta of 2.41. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.06. Alpha and Omega Semiconductor has a 12 month low of $27.38 and a 12 month high of $69.99.

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Rating) last released its earnings results on Thursday, November 3rd. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.12). The firm had revenue of $208.48 million for the quarter, compared to the consensus estimate of $210.00 million. Alpha and Omega Semiconductor had a return on equity of 11.60% and a net margin of 57.04%. On average, research analysts expect that Alpha and Omega Semiconductor will post 2.07 EPS for the current year.

Alpha and Omega Semiconductor Company Profile

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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.