Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $30.00 Price Target at Needham & Company LLC

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective reduced by research analysts at Needham & Company LLC from $45.00 to $30.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC‘s price objective indicates a potential upside of 62.34% from the stock’s previous close.

A number of other equities analysts have also recently commented on AOSL. Stifel Nicolaus decreased their target price on shares of Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday. Williams Trading set a $45.00 price target on shares of Alpha and Omega Semiconductor in a research report on Thursday, August 13th. B. Riley Financial cut their price target on shares of Alpha and Omega Semiconductor from $34.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, October 23rd. Wall Street Zen cut Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Thursday, October 15th. 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.00.

Alpha and Omega Semiconductor Price Performance

Shares of AOSL opened at $18.48 on Friday. The firm has a market cap of $560.04 million, a P/E ratio of -13.11 and a beta of 2.69. The stock has a 50 day simple moving average of $25.19 and a two-hundred day simple moving average of $30.25. 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 announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative net margin of 6.23% and a negative return on equity of 4.88%. The firm had revenue of $177.76 million during the quarter, compared to analyst estimates of $176.20 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was down 2.6% on a year-over-year basis. On average, equities analysts anticipate that Alpha and Omega Semiconductor will post -1.70 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Alpha and Omega Semiconductor in the second quarter worth $40,000. Signaturefd LLC lifted its position in Alpha and Omega Semiconductor by 877.0% during the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 991 shares during the period. Farther Finance Advisors LLC boosted 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 valued at $34,000 after buying an additional 1,165 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter valued at $182,000. Finally, GAMMA Investing LLC boosted its holdings 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 valued at $113,000 after buying an additional 541 shares in the last quarter. 78.97% of the stock is 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.