Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Target Lowered at Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective trimmed by Stifel Nicolaus from $38.00 to $34.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the stock. Lake Street Capital initiated coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 price objective for the company. Needham & Company LLC decreased their price target 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. B. Riley Financial lowered their price target on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Friday, July 17th. Finally, Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Three research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.17.

Alpha and Omega Semiconductor Trading Down 4.1%

Shares of NASDAQ:AOSL opened at $29.00 on Monday. The company has a market capitalization of $878.99 million, a price-to-earnings ratio of -20.57 and a beta of 2.64. Alpha and Omega Semiconductor has a 12-month low of $17.01 and a 12-month high of $54.34. The business has a 50-day moving average price of $28.08 and a 200 day moving average price of $33.85.

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. Alpha and Omega Semiconductor had a negative net margin of 6.23% and a negative return on equity of 4.88%. The company had revenue of $170.37 million for the quarter, compared to analysts’ expectations of $168.00 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Alpha and Omega Semiconductor will post -1.7 earnings per share for the current fiscal year.

Institutional Trading of Alpha and Omega Semiconductor

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Alpha and Omega Semiconductor in the second quarter valued at $40,000. Globeflex Capital L P purchased a new stake in Alpha and Omega Semiconductor during the 2nd quarter worth about $182,000. Public Employees Retirement System of Ohio acquired a new stake in Alpha and Omega Semiconductor in the 2nd quarter valued at about $197,000. Louisiana State Employees Retirement System acquired a new stake in Alpha and Omega Semiconductor in the 1st quarter valued at about $244,000. Finally, Arizona State Retirement System purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at about $321,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

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.