Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Gets Price Target Reduction from B. Riley Financial

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective reduced by B. Riley Financial from $34.00 to $25.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities analysts have also commented on AOSL. Stifel Nicolaus lowered their price objective on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Lake Street Capital started coverage on Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 target price for the company. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Finally, Needham & Company LLC decreased their price target on Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. 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 currently has a consensus rating of “Hold” and an average price target of $38.67.

Alpha and Omega Semiconductor Price Performance

NASDAQ AOSL opened at $21.91 on Friday. The firm has a 50-day moving average price of $26.01 and a two-hundred day moving average price of $34.13. Alpha and Omega Semiconductor has a 12-month low of $17.01 and a 12-month high of $54.34. The company has a market capitalization of $664.09 million, a P/E ratio of -15.54 and a beta of 2.64.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative net margin of 6.23% and a negative return on equity of 4.88%. The company had revenue of $170.37 million for the quarter, compared to analysts’ expectations of $168.00 million. During the same period last year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities analysts expect that Alpha and Omega Semiconductor will post -1.70 EPS for the current year.

Institutional Trading of Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the company. Congress Asset Management Co. raised its position in Alpha and Omega Semiconductor by 21.3% during the third quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company’s stock valued at $6,785,000 after purchasing an additional 43,275 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 9.9% in the 1st quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company’s stock valued at $2,667,000 after purchasing an additional 10,790 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Alpha and Omega Semiconductor by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after purchasing an additional 1,178 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at $877,000. Finally, Quantinno Capital Management LP increased its stake in shares of Alpha and Omega Semiconductor by 15.2% in the 1st quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock valued at $825,000 after purchasing an additional 4,915 shares during the last quarter. Institutional investors and hedge funds own 78.97% of the company’s stock.

Alpha and Omega Semiconductor Company Profile

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.