Stifel Nicolaus Cuts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $34.00

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

Several other equities research analysts have also recently weighed in on the stock. B. Riley Financial lowered their price target on shares of 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. Needham & Company LLC cut their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Lake Street Capital began coverage on shares of Alpha and Omega Semiconductor in a research note on Thursday, June 25th. They issued a “buy” rating and a $58.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Finally, Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.17.

Alpha and Omega Semiconductor Price Performance

AOSL stock opened at $29.24 on Monday. The business has a 50-day moving average price of $28.14 and a 200 day moving average price of $33.97. The company has a market capitalization of $886.26 million, a P/E ratio of -20.74 and a beta of 2.64. Alpha and Omega Semiconductor has a 1-year low of $17.01 and a 1-year high of $54.34.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $168.00 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts anticipate that Alpha and Omega Semiconductor will post -1.7 earnings per share for the current fiscal year.

Institutional Trading of Alpha and Omega Semiconductor

Several hedge funds have recently modified their holdings of AOSL. Integrated Wealth Concepts LLC purchased a new position in shares of Alpha and Omega Semiconductor in the 2nd quarter worth approximately $40,000. Globeflex Capital L P bought a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $182,000. Public Employees Retirement System of Ohio purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $197,000. Louisiana State Employees Retirement System purchased a new stake in Alpha and Omega Semiconductor during the first quarter valued at approximately $244,000. Finally, Arizona State Retirement System acquired a new stake in Alpha and Omega Semiconductor in the second quarter valued at approximately $321,000. 78.97% of the stock is owned by hedge funds and other institutional investors.

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.