Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) had its price objective dropped by analysts at Needham & Company LLC from $45.00 to $30.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price target would indicate a potential upside of 62.34% from the company’s current price.
Several other equities research analysts have also issued reports on AOSL. Wall Street Zen lowered shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. B. Riley Financial lowered their price target on shares of Alpha and Omega Semiconductor from $34.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Stifel Nicolaus dropped their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating for the company in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Finally, Williams Trading set a $45.00 price objective on shares of Alpha and Omega Semiconductor in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.00.
Read Our Latest Research Report on Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Price Performance
Shares of Alpha and Omega Semiconductor stock opened at $18.48 on Friday. The stock has a market cap of $560.04 million, a price-to-earnings ratio of -13.11 and a beta of 2.69. The firm’s 50-day moving average is $25.19 and its 200 day moving average is $30.25. Alpha and Omega Semiconductor has a 1 year low of $17.01 and a 1 year high of $54.34.
Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.07. The firm had revenue of $177.76 million during the quarter, compared to analysts’ expectations of $176.20 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. On average, equities analysts expect that Alpha and Omega Semiconductor will post -1.70 EPS for the current fiscal year.
Institutional Trading of Alpha and Omega Semiconductor
Institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted 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 period. Farther Finance Advisors LLC grew its stake in 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 worth $34,000 after purchasing an additional 1,165 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Alpha and Omega Semiconductor during the 2nd quarter worth $40,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 541 shares during the period. Finally, Globeflex Capital L P bought a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at $182,000. Institutional investors 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.
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