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

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target lowered by research analysts at B. Riley Financial from $34.00 to $25.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial‘s price objective indicates a potential upside of 12.11% from the stock’s current price.

A number of other research firms have also recently issued reports on AOSL. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research report on Thursday, October 15th. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Williams Trading set a $45.00 target price on Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Lake Street Capital assumed coverage on Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.67.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock opened at $22.30 on Friday. Alpha and Omega Semiconductor has a fifty-two week low of $17.01 and a fifty-two week high of $54.34. The stock has a 50 day simple moving average of $26.19 and a two-hundred day simple moving average of $34.14. The company has a market cap of $675.91 million, a P/E ratio of -15.82 and a beta of 2.64.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.11. The firm had revenue of $170.37 million for the quarter, compared to analysts’ expectations of $168.00 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. On average, research analysts predict that Alpha and Omega Semiconductor will post -1.70 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. Congress Asset Management Co. increased its stake 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 during the last quarter. Empowered Funds LLC raised its holdings in 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 acquiring an additional 10,790 shares during the period. Principal Financial Group Inc. raised its holdings in Alpha and Omega Semiconductor by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company’s stock valued at $2,661,000 after acquiring an additional 1,178 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at $877,000. Finally, Quantinno Capital Management LP lifted its position in shares of Alpha and Omega Semiconductor by 15.2% during the first quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock worth $825,000 after acquiring an additional 4,915 shares in the last quarter. 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 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.