Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) have earned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.17.

Several equities analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Lake Street Capital began coverage on Alpha and Omega Semiconductor in a report on Thursday, June 25th. They set a “buy” rating and a $58.00 price objective for the company. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Williams Trading set a $45.00 price objective on Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Finally, Needham & Company LLC dropped their target price on Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th.

Alpha and Omega Semiconductor Stock Up 3.9%

NASDAQ AOSL opened at $22.60 on Tuesday. The firm has a market cap of $685.01 million, a PE ratio of -16.03 and a beta of 2.64. The company has a 50 day moving average price of $26.84 and a 200 day moving average price of $34.13. Alpha and Omega Semiconductor has a 52 week low of $17.01 and a 52 week high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results 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 analysts’ expectations 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%. Alpha and Omega Semiconductor’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities research analysts anticipate that Alpha and Omega Semiconductor will post -1.70 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Alpha and Omega Semiconductor by 15.2% in the third quarter. GAMMA Investing LLC now owns 4,095 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 541 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Alpha and Omega Semiconductor by 2,008.6% during the third quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,165 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of 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 acquiring an additional 43,275 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Alpha and Omega Semiconductor during the second quarter valued at about $40,000. Finally, Arizona State Retirement System purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at approximately $321,000. 78.97% of the stock is currently owned by hedge funds and other institutional investors.

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.