Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Target Lowered at Lake Street Capital

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target dropped by research analysts at Lake Street Capital from $58.00 to $40.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Lake Street Capital‘s price target would indicate a potential upside of 69.42% from the stock’s previous close.

A number of other research analysts also recently commented on AOSL. B. Riley Financial decreased their price objective on shares of Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating on the stock in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. Williams Trading set a $45.00 target price on shares of Alpha and Omega Semiconductor in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.80.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $23.61 on Friday. The company has a market cap of $715.62 million, a PE ratio of -15.33 and a beta of 2.70. Alpha and Omega Semiconductor has a 12 month low of $17.01 and a 12 month high of $54.34. The stock has a 50 day moving average of $25.14 and a 200-day moving average of $30.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative net margin of 6.87% and a negative return on equity of 5.70%. The business had revenue of $177.76 million for the quarter, compared to the consensus estimate of $176.20 million. During the same period in the previous year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Alpha and Omega Semiconductor will post -1.70 EPS for the current fiscal year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Signaturefd LLC increased its holdings in shares of Alpha and Omega Semiconductor by 877.0% in the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 991 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Alpha and Omega Semiconductor by 2,008.6% in the third quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,165 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Alpha and Omega Semiconductor in the second quarter valued at about $40,000. GAMMA Investing LLC lifted its stake in shares of Alpha and Omega Semiconductor by 15.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,095 shares of the semiconductor company’s stock worth $113,000 after buying an additional 541 shares during the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth about $182,000. 78.97% of the stock is owned by institutional investors.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a semiconductor company that designs, develops and supplies power management products. Its portfolio includes power MOSFETs, power integrated circuits, transient voltage suppressors, insulated-gate bipolar transistors and other power semiconductor devices used to manage, convert and protect electrical power.

The company’s products are used in applications including personal computers, servers, telecommunications equipment, consumer electronics, industrial systems, automotive equipment and power supplies.