Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price Target Lowered at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered Alpha and Omega Semiconductor’s price target from $38 to $34 and maintained a “hold” rating, implying roughly 12.4% upside from the stock’s $30.24 price.
• Analyst sentiment remains mixed, with three buy, three hold and one sell rating; the consensus rating is “Hold” with an average price target of $40.17.
• The company beat quarterly EPS and revenue expectations, reporting a $0.13 loss per share versus the forecasted $0.24 loss and revenue of $170.37 million, though revenue declined 3.5% year over year and profitability remained negative.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price objective dropped by research analysts at Stifel Nicolaus from $38.00 to $34.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "hold" rating on the semiconductor company's stock. Stifel Nicolaus' price target indicates a potential upside of 12.43% from the company's current price.

Several other research firms also recently commented on AOSL. Lake Street Capital started coverage on Alpha and Omega Semiconductor in a report 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. Needham & Company LLC dropped their price target on shares of Alpha and Omega Semiconductor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. B. Riley Financial cut 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 note on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.17.

Alpha and Omega Semiconductor Stock Performance

NASDAQ:AOSL opened at $30.24 on Monday. 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 cap of $916.57 million, a P/E ratio of -21.45 and a beta of 2.64. The stock's 50-day simple moving average is $28.12 and its 200 day simple moving average is $33.80.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.11. The firm had revenue of $170.37 million during the quarter, compared to analysts' expectations of $168.00 million. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%.The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. As a group, equities analysts predict that Alpha and Omega Semiconductor will post -1.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd lifted its holdings in Alpha and Omega Semiconductor by 189.9% during the 4th quarter. WINTON GROUP Ltd now owns 137,265 shares of the semiconductor company's stock valued at $2,719,000 after purchasing an additional 89,914 shares during the last quarter. Empowered Funds LLC boosted its position in Alpha and Omega Semiconductor by 9.9% during the first quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company's stock worth $2,667,000 after purchasing an additional 10,790 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Alpha and Omega Semiconductor by 1.0% in the first quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company's stock valued at $2,661,000 after purchasing an additional 1,178 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Alpha and Omega Semiconductor in the first quarter valued at $877,000. Finally, Quantinno Capital Management LP raised its position in shares of Alpha and Omega Semiconductor by 15.2% in the first quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company's stock valued at $825,000 after purchasing an additional 4,915 shares during the period. 78.97% of the stock is owned by institutional investors and hedge funds.

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.

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