Alpha and Omega Semiconductor (NASDAQ:AOSL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alpha and Omega Semiconductor (NASDAQ:AOSL) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Several other research analysts also recently weighed in on the stock. Stifel Nicolaus dropped 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. Needham & Company LLC reduced their price target on shares of Alpha and Omega Semiconductor from $45.00 to $30.00 and set a “buy” rating for the company 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Thursday, October 15th. Finally, B. Riley Financial lowered their price objective on shares of Alpha and Omega Semiconductor from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.80.

Alpha and Omega Semiconductor Stock Up 23.5%

NASDAQ:AOSL opened at $29.17 on Friday. The stock has a fifty day simple moving average of $25.23 and a 200 day simple moving average of $30.29. The firm has a market capitalization of $884.14 million, a price-to-earnings ratio of -18.94 and a beta of 2.69. 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 posted its quarterly earnings data on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The firm had revenue of $177.76 million for the quarter, compared to the consensus estimate of $176.20 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts predict that Alpha and Omega Semiconductor will post -1.70 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its position in shares of Alpha and Omega Semiconductor by 45.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,333 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 418 shares during the period. GAMMA Investing LLC grew 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 worth $113,000 after purchasing an additional 541 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Alpha and Omega Semiconductor during the second quarter valued at approximately $40,000. Signaturefd LLC raised its stake in shares of Alpha and Omega Semiconductor by 877.0% in the third quarter. Signaturefd LLC now owns 1,104 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 991 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Alpha and Omega Semiconductor by 2,008.6% in the third quarter. Farther Finance Advisors LLC now owns 1,223 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,165 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.