Needham & Company LLC Cuts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $45.00

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

A number of other brokerages have also issued reports on AOSL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Friday, July 17th. Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They issued a “buy” rating and a $58.00 price objective for the company. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Stifel Nicolaus increased their target price on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Three 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, the company currently has an average rating of “Hold” and a consensus price target of $39.00.

Alpha and Omega Semiconductor Stock Performance

Alpha and Omega Semiconductor stock opened at $36.28 on Thursday. The company’s 50 day simple moving average is $38.29 and its 200-day simple moving average is $32.50. 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 capitalization of $1.09 billion, a price-to-earnings ratio of -10.19 and a beta of 2.60.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted 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 return on equity of 4.30% and a negative net margin of 15.51%.The firm had revenue of $170.37 million for the quarter, compared to the consensus estimate of $168.00 million. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts expect that Alpha and Omega Semiconductor will post -1.5 earnings per share for the current year.

Insider Activity

In other news, EVP Bing Xue sold 4,916 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $47.09, for a total transaction of $231,494.44. Following the completion of the sale, the executive vice president directly owned 123,660 shares of the company’s stock, valued at approximately $5,823,149.40. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.70% of the company’s stock.

Institutional Trading of Alpha and Omega Semiconductor

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Alpha and Omega Semiconductor during the third quarter worth about $62,000. Strs Ohio purchased a new stake in Alpha and Omega Semiconductor in the first quarter valued at approximately $70,000. iSAM Funds UK Ltd acquired a new stake in shares of Alpha and Omega Semiconductor in the third quarter valued at approximately $91,000. Globeflex Capital L P purchased a new position in shares of Alpha and Omega Semiconductor during the second quarter worth approximately $182,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Alpha and Omega Semiconductor by 574.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 4,222 shares during the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.