Alpha and Omega Semiconductor (NASDAQ:AOSL) Given New $29.00 Price Target at Stifel Nicolaus

Key Points

• Alpha and Omega Semiconductor's price target was upgraded by Stifel Nicolaus from $25.00 to $29.00, indicating a potential downside of 4.71% from its current price.
• B. Riley also raised its price objective to $35.00 with a "buy" rating, while the average rating for the stock remains at "hold" with a consensus target price of $32.00.
• During its latest earnings report, the company reported $176.50 million in revenue and an earnings per share (EPS) of $0.02, outperforming analysts' expectations.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price objective boosted by investment analysts at Stifel Nicolaus from $25.00 to $29.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the semiconductor company's stock. Stifel Nicolaus' price objective suggests a potential downside of 4.71% from the company's current price.

Several other research firms have also recently issued reports on AOSL. B. Riley lifted their price objective on shares of Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $32.00.

Alpha and Omega Semiconductor Trading Down 1.8%

NASDAQ:AOSL traded down $0.56 during midday trading on Friday, reaching $30.44. 48,996 shares of the stock traded hands, compared to its average volume of 418,945. The company has a fifty day moving average of $28.25 and a 200 day moving average of $25.00. Alpha and Omega Semiconductor has a 12 month low of $15.90 and a 12 month high of $53.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. The stock has a market capitalization of $914.27 million, a P/E ratio of -9.31 and a beta of 2.10.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative net margin of 13.93% and a negative return on equity of 0.83%. The company had revenue of $176.50 million during the quarter, compared to the consensus estimate of $170.03 million. During the same period in the prior year, the firm earned $0.09 earnings per share. Alpha and Omega Semiconductor's revenue was up 9.4% on a year-over-year basis. On average, research analysts predict that Alpha and Omega Semiconductor will post -0.82 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Alpha and Omega Semiconductor by 94.7% in the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 594 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Alpha and Omega Semiconductor by 4.0% during the first quarter. Principal Financial Group Inc. now owns 120,105 shares of the semiconductor company's stock worth $2,986,000 after buying an additional 4,660 shares during the period. Clearline Capital LP purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at about $9,267,000. Kingstone Capital Partners Texas LLC acquired a new position in Alpha and Omega Semiconductor in the 2nd quarter worth approximately $682,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Alpha and Omega Semiconductor by 953.2% during the second quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 1,630 shares during the last quarter. 78.97% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.