Stifel Nicolaus Has Lowered Expectations for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective reduced by investment analysts at Stifel Nicolaus from $38.00 to $34.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 13.56% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. B. Riley Financial reduced their price target on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, August 13th. Lake Street Capital assumed coverage on Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They issued a “buy” rating and a $58.00 price objective on the stock. Williams Trading set a $45.00 price objective on Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Needham & Company LLC reduced their target price on Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $40.17.

Alpha and Omega Semiconductor Trading Up 3.2%

Shares of AOSL opened at $29.94 on Monday. The company’s fifty day simple moving average is $28.10 and its 200 day simple moving average is $33.91. Alpha and Omega Semiconductor has a 1-year low of $17.01 and a 1-year high of $54.34. The company has a market cap of $907.33 million, a price-to-earnings ratio of -21.23 and a beta of 2.64.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings data on Wednesday, August 12th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11. The company had revenue of $170.37 million during the quarter, compared to the consensus estimate of $168.00 million. Alpha and Omega Semiconductor had a negative net margin of 6.23% and a negative return on equity of 4.88%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. As a group, research analysts forecast that Alpha and Omega Semiconductor will post -1.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd grew its holdings in shares of Alpha and Omega Semiconductor by 189.9% during the fourth quarter. WINTON GROUP Ltd now owns 137,265 shares of the semiconductor company’s stock worth $2,719,000 after purchasing an additional 89,914 shares during the last quarter. Congress Asset Management Co. raised its holdings in Alpha and Omega Semiconductor by 21.3% in the 3rd quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company’s stock valued at $6,785,000 after buying an additional 43,275 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Alpha and Omega Semiconductor in the 1st quarter valued at approximately $877,000. Y Intercept Hong Kong Ltd acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter worth approximately $784,000. Finally, First Citizens Bank & Trust Co. bought a new stake in Alpha and Omega Semiconductor during the 1st quarter worth approximately $351,000. 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 discrete devices, power integrated circuits, power modules and related products used to control, convert and manage electrical power in electronic systems.

The company’s products include power MOSFETs, insulated-gate bipolar transistors, silicon carbide and gallium nitride devices, transient-voltage-suppression products, and various power-management integrated circuits.