Alpha and Omega Semiconductor Approves $30 Million Share Buyback Plan
Share Buyback Announcement: Alpha and Omega Semiconductor Ltd. (AOSL) has announced a share repurchase program authorized for up to $30 million of its common shares.
Funding Source: The buyback will be financed through existing cash reserves and ongoing cash from operations.
Management Confidence: CEO Stephen Chang expressed confidence in the company's business strategy and financial performance, highlighting a strong balance sheet and disciplined capital allocation.
Market Activity: AOSL shares were trading at $19.52, reflecting a 2.74% increase in pre-market activity on the Nasdaq.
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Significant Options Activity on Monday: WWD, AOSL, AVTR
Alpha & Omega Semiconductor Options Activity: AOSL experienced options trading volume of 1,856 contracts, equating to about 185,600 underlying shares, with significant activity in the $22.50 strike call option expiring December 19, 2025.
Avantor Inc Options Activity: AVTR saw a high options trading volume of 53,637 contracts, representing approximately 5.4 million underlying shares, particularly in the $9 strike put option expiring December 19, 2025.
Comparison of Trading Volumes: The options trading volumes for both AOSL and AVTR accounted for 44% and 43.6% of their respective average daily trading volumes over the past month.
Resource for Further Information: For more details on available expirations for AOSL, AVTR, or WWD options, StockOptionsChannel.com is recommended as a resource.
