Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Gets Price Target Cut from Lake Street Capital

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective cut by Lake Street Capital from $58.00 to $40.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also recently issued reports on the company. Williams Trading set a $45.00 price target on Alpha and Omega Semiconductor in a research note on Thursday, August 13th. B. Riley Financial reduced their price target on Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Thursday, October 15th. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating for the company in a report on Friday. Finally, Needham & Company LLC cut 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 report on Friday. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $32.80.

Alpha and Omega Semiconductor Stock Performance

AOSL stock opened at $23.61 on Friday. Alpha and Omega Semiconductor has a 52 week low of $17.01 and a 52 week high of $54.34. The company has a market capitalization of $715.50 million, a PE ratio of -15.33 and a beta of 2.69. The company’s 50-day simple moving average is $25.14 and its 200 day simple moving average is $30.26.

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

Institutional Trading of Alpha and Omega Semiconductor

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Alpha and Omega Semiconductor in the 2nd quarter valued at $40,000. Signaturefd LLC raised its holdings in shares of Alpha and Omega Semiconductor by 877.0% during the 3rd quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock worth $30,000 after buying an additional 991 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 1,165 shares in the last quarter. Globeflex Capital L P acquired a new position in shares of Alpha and Omega Semiconductor during the 2nd quarter worth $182,000. Finally, GAMMA Investing LLC lifted its position in shares of 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 buying an additional 541 shares during the last quarter. Institutional investors and hedge funds 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 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.