Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $45.00 Price Target at Needham & Company LLC

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price cut by equities researchers at Needham & Company LLC from $50.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 24.04% from the stock’s current price.

Several other brokerages have also recently weighed in on AOSL. Lake Street Capital assumed coverage on Alpha and Omega Semiconductor in a report on Thursday, June 25th. They issued a “buy” rating and a $58.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Stifel Nicolaus upped their price objective on Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.00.

Alpha and Omega Semiconductor Trading Up 4.1%

Shares of AOSL opened at $36.28 on Thursday. The firm has a fifty day moving average price of $38.29 and a 200-day moving average price of $32.50. The firm has a market capitalization of $1.09 billion, a P/E ratio of -10.19 and a beta of 2.60. Alpha and Omega Semiconductor has a 12-month low of $17.01 and a 12-month high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative net margin of 15.51% and a negative return on equity of 4.30%. The company had revenue of $170.37 million during the quarter, compared to analysts’ expectations of $168.00 million. During the same period in the previous year, the company earned $0.02 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts predict that Alpha and Omega Semiconductor will post -1.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 4,916 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the sale, the executive vice president owned 123,660 shares in the company, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

Several large investors have recently bought and sold shares of AOSL. Weber Capital Management LLC ADV purchased a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at approximately $10,842,000. State Street Corp lifted its holdings in Alpha and Omega Semiconductor by 21.6% in the fourth quarter. State Street Corp now owns 1,474,175 shares of the semiconductor company’s stock valued at $29,203,000 after acquiring an additional 262,117 shares during the period. Millennium Management LLC lifted its stake in shares of Alpha and Omega Semiconductor by 57.5% in the 3rd quarter. Millennium Management LLC now owns 637,876 shares of the semiconductor company’s stock valued at $17,835,000 after purchasing an additional 232,817 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Alpha and Omega Semiconductor by 12.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,411,400 shares of the semiconductor company’s stock worth $36,217,000 after acquiring an additional 158,869 shares in the last quarter. Finally, UBS Group AG grew its holdings in Alpha and Omega Semiconductor by 224.7% in the fourth quarter. UBS Group AG now owns 217,121 shares of the semiconductor company’s stock valued at $4,301,000 after purchasing an additional 150,254 shares during the period. Hedge funds and other institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.