Benchmark Issues Pessimistic Forecast for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock Price

Alpha and Omega Semiconductor (NASDAQ:AOSL - Free Report) had its price objective trimmed by Benchmark from $42.00 to $32.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company's stock.

A number of other research firms have also recently issued reports on AOSL. StockNews.com cut shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research report on Saturday, May 3rd. Stifel Nicolaus decreased their target price on shares of Alpha and Omega Semiconductor from $30.00 to $18.00 and set a "sell" rating on the stock in a research note on Thursday, April 17th.

Alpha and Omega Semiconductor Price Performance

AOSL traded up $1.09 on Friday, hitting $21.76. 340,192 shares of the stock were exchanged, compared to its average volume of 506,627. Alpha and Omega Semiconductor has a 12 month low of $15.90 and a 12 month high of $53.29. The business has a 50-day moving average of $22.29 and a two-hundred day moving average of $31.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.72 and a quick ratio of 1.50. The firm has a market capitalization of $640.07 million, a price-to-earnings ratio of -27.20 and a beta of 2.02.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.06. Alpha and Omega Semiconductor had a negative net margin of 3.46% and a negative return on equity of 0.23%. The business had revenue of $164.60 million during the quarter, compared to analysts' expectations of $157.23 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Alpha and Omega Semiconductor's revenue was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that Alpha and Omega Semiconductor will post -0.82 EPS for the current fiscal year.

Institutional Trading of Alpha and Omega Semiconductor

A number of hedge funds and other institutional investors have recently modified their holdings of AOSL. IFP Advisors Inc raised its holdings in Alpha and Omega Semiconductor by 276.8% in the 4th quarter. IFP Advisors Inc now owns 746 shares of the semiconductor company's stock valued at $28,000 after buying an additional 548 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Alpha and Omega Semiconductor by 820.7% during the fourth quarter. Sterling Capital Management LLC now owns 755 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 673 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Alpha and Omega Semiconductor by 94.7% during the first quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 594 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Alpha and Omega Semiconductor by 47.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 908 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 291 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Alpha and Omega Semiconductor during the fourth quarter valued at $38,000. Institutional investors own 78.97% of the company's stock.

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.