Lake Street Capital Issues Pessimistic Forecast for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target lowered by equities researchers at Lake Street Capital from $58.00 to $40.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Lake Street Capital‘s price objective points to a potential upside of 69.42% from the stock’s previous close.

A number of other equities analysts have also issued reports on AOSL. Needham & Company LLC reduced their target price on Alpha and Omega Semiconductor from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Thursday, October 15th. B. Riley Financial cut their price objective on Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday. Wall Street Zen raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Williams Trading set a $45.00 price objective on Alpha and Omega Semiconductor in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.80.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL opened at $23.61 on Friday. The company has a market cap of $715.50 million, a PE ratio of -15.33 and a beta of 2.69. Alpha and Omega Semiconductor has a twelve month low of $17.01 and a twelve month high of $54.34. The company’s 50 day moving average is $25.14 and its two-hundred day moving average is $30.26.

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

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Congress Asset Management Co. boosted its holdings in Alpha and Omega Semiconductor by 21.3% in the third quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company’s stock valued at $6,785,000 after purchasing an additional 43,275 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Alpha and Omega Semiconductor during the 1st quarter worth about $784,000. Inspire Investing LLC purchased a new position in shares of Alpha and Omega Semiconductor during the 3rd quarter valued at about $640,000. First Citizens Bank & Trust Co. purchased a new position in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $351,000. Finally, Empowered Funds LLC raised its stake in shares of Alpha and Omega Semiconductor by 9.9% during 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 during the last quarter. 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.