Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Cut to $40.00 by Analysts at Lake Street Capital

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective decreased by Lake Street Capital from $58.00 to $40.00 in a research report report published on Friday,Benzinga reports. Lake Street Capital currently has a buy rating on the semiconductor company’s stock.

AOSL has been the topic of several other reports. Williams Trading set a $45.00 target price on Alpha and Omega Semiconductor in a report on Thursday, August 13th. Stifel Nicolaus dropped their price target on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday. Wall Street Zen raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Finally, B. Riley Financial lowered their target price on shares of Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday. Two investment 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. According to MarketBeat.com, Alpha and Omega Semiconductor currently has an average rating of “Hold” and a consensus target price of $32.80.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL opened at $23.61 on Friday. The stock’s 50-day moving average price is $25.14 and its two-hundred day moving average price is $30.26. 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 $715.50 million, a PE ratio of -15.33 and a beta of 2.69.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative return on equity of 5.70% and a negative net margin of 6.87%. The company had revenue of $177.76 million during the quarter, compared to analysts’ expectations of $176.20 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was down 2.6% on a year-over-year basis. Equities research analysts predict that Alpha and Omega Semiconductor will post -1.70 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Congress Asset Management Co. boosted its position in shares of Alpha and Omega Semiconductor by 21.3% during the 3rd quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company’s stock worth $6,785,000 after purchasing an additional 43,275 shares in the last quarter. Empowered Funds LLC increased its position in 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 buying an additional 10,790 shares in the last quarter. Principal Financial Group Inc. increased its position in 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 buying an additional 1,178 shares in the last quarter. Quantinno Capital Management LP increased its position in 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 buying an additional 4,915 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Alpha and Omega Semiconductor during the 1st quarter worth approximately $784,000. 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 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.