Lake Street Capital Issues Pessimistic Forecast for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Key Points

• Lake Street Capital cut its price target on Alpha and Omega Semiconductor from $58 to $40, while maintaining a Buy rating; the new target implies 69.4% upside from the stock’s current price.
• Analyst views are mixed: MarketBeat reports a consensus Hold rating and an average price target of $32.80, with two Buy, three Hold, and one Sell ratings.
• The company beat quarterly estimates, reporting a loss of $0.07 per share versus expectations of a $0.14 loss and revenue of $177.76 million versus $176.20 million expected. Revenue fell 2.6% year over year, and the company swung from a profit in the year-ago quarter to a loss.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) had its price objective cut by research analysts at Lake Street Capital from $58.00 to $40.00 in a research report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Lake Street Capital's price target would indicate a potential upside of 69.42% from the company's current price.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Alpha and Omega Semiconductor from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Alpha and Omega Semiconductor in a research note on Thursday, October 15th. 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 report on Friday. Williams Trading set a $45.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Finally, B. Riley Financial dropped 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 report on Friday. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $32.80.

Alpha and Omega Semiconductor Stock Performance

Shares of Alpha and Omega Semiconductor stock opened at $23.61 on Friday. The company has a market capitalization of $715.62 million, a PE ratio of -15.33 and a beta of 2.70. Alpha and Omega Semiconductor has a 12 month low of $17.01 and a 12 month high of $54.34. The stock's fifty day simple moving average is $25.14 and its 200 day simple moving average is $30.26.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its earnings results on Thursday, November 5th. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.07. Alpha and Omega Semiconductor had a negative return on equity of 5.70% and a negative net margin of 6.87%. The firm had revenue of $177.76 million during the quarter, compared to analysts' expectations of $176.20 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company's revenue was down 2.6% on a year-over-year basis. Analysts predict that Alpha and Omega Semiconductor will post -1.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. increased its stake in Alpha and Omega Semiconductor by 21.3% in the 3rd quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company's stock valued at $6,785,000 after buying an additional 43,275 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Alpha and Omega Semiconductor by 9.9% during the 1st quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company's stock worth $2,667,000 after buying an additional 10,790 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alpha and Omega Semiconductor by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 120,075 shares of the semiconductor company's stock worth $2,661,000 after buying an additional 1,178 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Alpha and Omega Semiconductor by 15.2% in the 1st quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company's stock valued at $825,000 after acquiring an additional 4,915 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Alpha and Omega Semiconductor in the 1st quarter valued at about $784,000. Institutional investors 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.

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