B. Riley Financial Has Lowered Expectations for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) had its price objective reduced by investment analysts at B. Riley Financial from $25.00 to $22.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial‘s price target points to a potential downside of 0.89% from the stock’s current price.

Several other research analysts have also issued reports on the company. Williams Trading set a $45.00 target price on Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Needham & Company LLC decreased their price objective on shares of Alpha and Omega Semiconductor from $45.00 to $30.00 and set a “buy” 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 note on Thursday, October 15th. Wall Street Zen cut shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Stifel Nicolaus dropped their target price 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. Two investment 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 data from MarketBeat, Alpha and Omega Semiconductor presently has a consensus rating of “Hold” and a consensus price target of $36.40.

View Our Latest Stock Analysis on Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Stock Up 20.1%

AOSL stock traded up $3.72 during trading on Friday, hitting $22.20. 128,366 shares of the company’s stock traded hands, compared to its average volume of 632,933. Alpha and Omega Semiconductor has a 1 year low of $17.01 and a 1 year high of $54.34. The business has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $30.25. The firm has a market capitalization of $672.71 million, a P/E ratio of -15.83 and a beta of 2.69.

Alpha and Omega Semiconductor (NASDAQ:AOSL – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) EPS 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 analyst estimates 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 business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, equities research analysts predict that Alpha and Omega Semiconductor will post -1.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in 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. Inspire Investing LLC purchased a new position in Alpha and Omega Semiconductor in the 3rd quarter valued at $640,000. GAMMA Investing LLC boosted its stake 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 last quarter. Farther Finance Advisors LLC boosted its stake in Alpha and Omega Semiconductor by 2,008.6% during the 3rd 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 during the last quarter. Finally, Congress Asset Management Co. boosted its stake in 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 during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

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About Alpha and Omega Semiconductor

(Get Free Report)

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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Analyst Recommendations for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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